AUSTRALIA

BassGas writedown hits AWE

AWE has flagged another significant writedown in the value of its BassGas project in Tasmania's Bass Basin after reviewing the technical data from operator Origin Energy, which has already reduced its own 2P reserves for the offshore project.

AWE has been forced to flag a further non-cash impairment of the carrying value of BassGas of between $40 million and $50 million after-tax in its full-year results that are due on August 25. BassGas'...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry