AWE, formerly Australian Worldwide Exploration, was an oil and gas producer with operations in Australia, Indonesia and New Zealand that was listed on the Australian Securities Exchange. In May 2018, it was taken over by Mitsui & Co and the brand retired.
The company's assets included the BassGas project in Bass Strait, Tasmania, the Casino gas project in Otway Basin, Victoria, and onshore Perth Basin interests in Western Australia.
History Australian Worldwide Exploration was established in 1997 and listed on the Australian Securities Exchange with its headquarters in Sydney and an office in Perth.About AWE AWE
In November 1999 the Australian assets of Premier Oil were acquired.Acq of Premier Oil's Aust Oil & Gas Int Australian Worldwide Exploration 18 November 1999Premier deal filled with AWE Australian Financial Review 19 November 1999 In January 2001, Premier Oil acquired a 23% shareholding in AWE.Premier Oil Increases Shareholding in AWE Australian Worldwide Exploration 23 January 2001 This was sold in June 2003.Premier out so AWE gets a free float Sydney Morning Herald 14 June 2003
In early 2001 AWE acquired 44.5% of the undeveloped Yolla field in Bass Strait.
In mid 2003, AWE acquired a 25% interest in VIC/P44. Transaction included the Casino gas field which was brought into production in 2006.
Tui Area, acquired in 2006, started oil production on 30 July 2007. In December 2013 company purchased an additional 15% interest in the Tui area oil project.
In 2006 AWE opened an office in Indonesia to review exploration and potential development opportunities. AWE's first drill in the Bulu basin took place in early 2008. In early 2012, AWE purchased a 100% interest and operatorship of two Indonesian Production Sharing Contracts: Ande Ande Lumut (AAL) oil field and the Anambas gas.
In August 2008 company merged with ARC Energy gaining additional equity in the BassGas and Cliff Head projects. In 2009 Australian Worldwide Exploration was rebranded as AWE Limited.AWE's change of company name AWE Limited 20 November 2009
On 22 December 2016, AWE stated that the performance of Stage 1A of Waitsia gas project surpass pre-production expectations. In May 2018 AWE was acquired by Mitsui & Co and delisted from the Australian Securities Exchange.3. Result of Takeover Offer to Acquire AWE Limited, an Oil and Gas Company in Australia Mitsui & Co 2 May 2018AEW Limited - Removal from Official List Australian Securities Exchange 8 May 2018
References
External links Official website