✕
MARKETS

Total Beehive refusal vindicates Metgasco on Melbana takeover

METGASCO is claiming vindication in knocking back Melbana Energy's takeover offer, after French supermajor Total declined to farm-in to Melbana's large Beehive prospect, leaving it waiting on Santos to elect to fund next year's well for an 80% interest.

Helen Clark
Metgasco vindicated by Total's KB of Beehive option

Metgasco vindicated by Total's KB of Beehive option

The undrilled prospect in the Bonaparte Basin, offshore Western Australia, was offered to Total and Santos at 40% each with a seismic commitment, which Melbana hoped would gain it a free carry, but only...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now
RELATED ARTICLES
MORE ON THIS TOPIC

MOST POPULAR

1
OPERATIONS

Santos shows financial grunt in testing times

2
OPERATIONS

Santos plans to decommission Simpson field permanently

3
EXPLORATION

Lakes Blue Energy scraps farm-in deal with Cooper Energy after better offer

4
EXPLORATION

Triangle signs rig for North Perth Basin well

RESEARCH

lock Premium subscribers only

View more

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

Content
About
Solutions
Legal

THE ASPERMONT BRAND PORTFOLIO

Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902

Login