MEO opts out of northern Australia offshore concession

Offshore staff

MELBOURNE, Australia – MEO Australia subsidiary Finniss Offshore Exploration has decided to withdraw from an exploration offshore Darwin, Northern Territory, Australia.

The company farmed into NT/P79 last December, pursuing an exploration play concept which required validation by 2D seismic data that was not available at the time. Geoscience Australia acquired the data at no cost to the license participants.

However, MEO’s subsequent review concluded that the play concept could not be sufficiently de-risked to warrant further investment.


MEO Australia Limited NT/P79 Exploration Permit

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


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...