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Carnarvon Petroleum Provides Buffalo Project Update

22 Sep 2021  |  09:05:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Buffalo Project Update

Carnarvon Petroleum provided the following update on the Buffalo project. The Buffalo project involves the redevelopment of the Buffalo oil field in the Timor Sea. The field resides in only 30 metres of water with a reservoir depth between 3,200 and 3,300 meters below the sea bed. The previous field proved the existence of very high deliverability reservoir containing high-quality light oil that is expected to sell at a premium to Brent in the market.

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