Insight
The road to Dorado – Australia's oil find of the century
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
No one predicted it. Dorado-1 was one of the top gas wildcat wells to watch in Asia Pacific in 2018. So when the well discovered light oil in a net 130 metres of high-quality pay, operator Quadrant Energy and partner Carnarvon Petroleum would have been more than a little pleasantly surprised. The Dorado-1 discovery is the talk of the town in Perth. It's been over 20 years since the last 100-million-barrel discovery in Western Australia. That was the 119-mmbbl Hermes find by Woodside Petroleum back in 1996. Dorado is now the third largest find in Western Australia's history – based on Carnarvon Petroleum's reported 2C recoverable oil estimate (171 million barrels).
Table of contents
- What is this worth?
- Corporate implications
- Australia's future through the eyes of Dorado
Tables and charts
This report includes the following images and tables:
- Base assumptions
- Valuations of our sensitivities using Wood Mackenzie's Global Economic Model (GEM)
What's included
This report contains:
