Hydra agrees to buy PPP assets offshore Australia

Offshore staff

NORTH SYDNEY, Australia – Pan Pacific Petroleum (PPP) has agreed to sell its interests in the Carnarvon basin offshore Western Australia to Hydra Energy.

The assets are a legacy position from past activities that included production from the North Herald and South Pepper oil fields. They include numerous small undeveloped oil and gas discoveries.

However, PPP is more focused on high-potential exploration and acquisition opportunities in Southeast Asia, Australia, and New Zealand.

Hydra is a private Australian company with specialist capabilities in small field development, and a focus on undeveloped discoveries and late-life assets in Australia and Asia.


    Participating Interest
TL2, and associated pipeline licenses TPL/3, TPL/4, TPL/7 and PL14     23.166%
TP/7     4.157%
WA-33-R     10%
WA-45-R     10%
WA-46-R     10%
WA-47-R     5.235%

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...