Carnarvon Petroleum

Carnarvon Petroleum owns 20% of the Dorado Oil Field, which, at 162 million barrels in 2C resources, is one of the largest oil discoveries on the North West Shelf in the last 30 years. Dorado, operated by Santos, is currently in the Front-End Engineering Design (FEED) stage with a Final Investment Decision (FID) expected in 2022. The company recently farmed out a 50% interest in the  Buffalo oil field in the Timor Sea.

We see Carnarvon benefiting from the rising oil price environment as ...

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