Apache announces major new WA oil find

www.theaustralian.com.au, 20 Aug 2014 16:44

In what would be one of Australia’s largest oil discoveries in decades, US energy company Apache said an exploration well offshore Western Australia had found as much as 300 million barrels of crude, reports The Australian. The drilling result from the Phoenix South-1 well in the offshore Canning Basin could reopen a frontier for oil exploration that some international energy companies abandoned decades earlier after wells turned up dry.

 

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