Australia's 344-Million-Barrel Oilfield Could Finally Get the Green Light ...Middle East

After years of delays, Australia's largest undeveloped oil project could progress to a final investment decision in 2027 as the energy crisis amid the Iran war has heightened the need of homegrown resources. Carnarvon Energy Ltd, a junior explorer that holds 10% in the Dorado oil discovery offshore Western Australia, believes that a final investment decision to develop the project could be made in late 2027, Carnarvon's chief executive Philip Huizenga told Bloomberg in an interview on Friday. Australian energy giant Santos is the operator and majority…

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