High stakes, frontier exploration, Australia’s Bight had it all

  • Date: 27-Jul-2021
  • Source: Energy Voice
  • Sector:Oil & Gas
  • Country:Gulf
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High stakes, frontier exploration, Australia’s Bight had it all

Earlier this month Murphy Oil joined a long list of explorers, which includes BP, Equinor, Chevron, Karoon Energy, Bight Petroleum, and their joint venture partners, that have now exited and passed over the opportunity to unlock the Great Australian Bight.

If you were into high-stakes exploration the Great Australian Bight had it all. Deep water, harsh climate and an enigmatic oil-prone petroleum system.

Will the Bight be a way-marker on the path to a low-carbon future, or a missed opportunity to develop a valuable resource? Simon Molyneux, managing director at Perth-based Molyneux Advisors, which provides upstream advice to the oil and gas sector, delves deeper into the Bight for Energy Voice.