Company type | Public |
---|---|
Industry | Energy |
Founded | 1997-2018 |
Headquarters | Perth, Australia |
Products | Oil, Gas |
Website | https://mitsuiepmidwest.com.au |
AWE Limited (AWE) [1] is an oil and gas producer with proven resources in Australia, Indonesia and New Zealand. [2] Since May 2018, it has been a wholly owned subsidiary of Mitsui & Co., Ltd. (Japan) [3] and has been delisted from the ASX. [4] Mitsui E&P Australia Pty Ltd and AWE Limited are now sister companies working under the single brand of Mitsui E&P Australia (MEPAU) to reflect the combined businesses.
The company's assets currently include the BassGas project in Bass Strait, Tasmania, [5] the Casino gas project in Otway Basin, [6] Victoria, and onshore Perth Basin interests in Western Australia. [7]
From January 2000 to November 2009, the official company name was Australia Worldwide Exploration Ltd.
In early 2001 AWE acquired 44.5% of the undeveloped Yolla field in Bass Strait. [8]
In mid 2003, AWE acquired a 25% interest in VIC/P44. [9] Transaction included the Casino gas field which was brought into production in 2006. [10]
Tui Area, acquired in 2006, started oil production on July 30, 2007. [11] In December 2013 company purchased an additional 15% interest in the Tui area oil project. [12]
In 2006 AWE opened an office in Indonesia [13] to review exploration and potential development opportunities. AWE's first drill in the Bulu basin took place in early 2008. In early 2012, AWE purchased a 100% interest and operatorship of two Indonesian Production Sharing Contracts: Ande Ande Lumut (AAL) oil field and the Anambas gas. [14]
In August 2008 company merged with ARC Energy gaining additional equity in the BassGas and Cliff Head projects. [15]
AWE Limited (AWE) was created on 25 November 2009.
On Thursday (December 22, 2016), AWE Limited stated that the performance of Stage 1A of Waitsia gas project surpass pre-production expectations. [16]
AWE is now a wholly owned subsidiary of Mitsui & Co., Ltd and has been delisted from the ASX. [17]
5. "Australian Worldwide Exploration". Retrieved 9 April 2019.