AWE Limited (AWE) is an oil and gas producer with proven resources in Australia, Indonesia and New Zealand. Since May 2018, it has been a wholly owned subsidiary of

Mitsui is one of the largest '' keiretsu'' in Japan and one of the largest corporate groups in the world. The major companies of the group include Mitsui & Co. ( general trading company), Sumitomo Mitsui Banking Corporation, Nippon Paper Industri ...

& Co., Ltd. (Japan) and has been delisted from the

ASX Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as ...

. Mitsui E&P Australia Pty Ltd and AWE Limited are now sister companies working under the single brand of Mitsui E&P Australia (MEPAU) to reflect the combined businesses. The company's assets currently include the BassGas project in

Bass Strait Bass Strait () is a strait separating the island state of Tasmania from the Australian mainland (more specifically the coast of Victoria, with the exception of the land border across Boundary Islet). The strait provides the most direct waterwa ...

Tasmania ) , nickname = , image_map = Tasmania in Australia.svg , map_caption = Location of Tasmania in AustraliaCoordinates: , subdivision_type = Country , subdi ...

, the Casino gas project in

Otway Basin The Otway Basin is a northwest trending sedimentary basin located along the southern coast of Australia. The basin covers an area of 150,000 square kilometers and spans from southeastern South Australia to southwestern Victoria, with 80% lying off ...

, Victoria, and onshore

Perth Basin The Perth Basin is a thick, elongated sedimentary basin in Western Australia. It lies beneath the Swan Coastal Plain west of the Darling Scarp, representing the western limit of the much older Yilgarn Craton, and extends further west offshore. C ...

interests in

Western Australia Western Australia (commonly abbreviated as WA) is a state of Australia occupying the western percent of the land area of Australia excluding external territories. It is bounded by the Indian Ocean to the north and west, the Southern Ocean to th ...

Corporate history

From January 2000 to November 2009, the official company name was Australia Worldwide Exploration Ltd. In early 2001 AWE acquired 44.5% of the undeveloped Yolla field in

. 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 July 30, 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 ARC may refer to: Business * Aircraft Radio Corporation, a major avionics manufacturer from the 1920s to the '50s * Airlines Reporting Corporation, an airline-owned company that provides ticket distribution, reporting, and settlement services * ...

gaining additional equity in the BassGas and Cliff Head projects. AWE Limited (AWE) was created on 25 November 2009. On Thursday (December 22, 2016), AWE Limited stated that the performance of Stage 1A of Waitsia gas project surpass pre-production expectations. AWE is now a wholly owned subsidiary of Mitsui & Co., Ltd and has been delisted from the ASX.

References

External links

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Google Finance Article
Oil companies of Australia Companies based in Sydney Oil and gas companies of New Zealand {{petroleum-company-stub