AED Oil Limited is an oil and gas exploration and development company based in Australia with international assets. The company entered voluntary administration in August 2011. It is listed on the Australian Securities Exchange with the code AED, and is a component of the

S&P/ASX 200 The S&P/ASX 200 index is a market-capitalization weighted and float-adjusted stock market index of stocks listed on the Australian Securities Exchange. The index is maintained by Standard & Poor's and is considered the benchmark for Australi ...

index until it shares were suspended as a result of entering voluntary administration. AED Oil floated on the Australian Securities Exchange (ASX) in May 2005. The Company was established for the purpose of acquiring, developing and commercialising specified fields and undertaking oil and gas exploration. Based in

Melbourne Melbourne ( ; Boonwurrung/Woiwurrung: ''Narrm'' or ''Naarm'') is the capital and most populous city of the Australian state of Victoria, and the second-most populous city in both Australia and Oceania. Its name generally refers to a met ...

, the company has assets in Australia and South East Asian territories with offices in

Brunei Darussalam Brunei ( , ), formally Brunei Darussalam ( ms, Negara Brunei Darussalam, Jawi: , ), is a country located on the north coast of the island of Borneo in Southeast Asia. Apart from its South China Sea coast, it is completely surrounded by the ...

and Jakarta. Since being listed, the company has produced over 2 million barrels of premium oil from its Puffin field, an oil field off the coast of Australia, in the

Timor Sea The Timor Sea ( id, Laut Timor, pt, Mar de Timor, tet, Tasi Mane or ) is a relatively shallow sea bounded to the north by the island of Timor, to the east by the Arafura Sea, and to the south by Australia. The sea contains a number of reefs ...

. In addition, it has acquired contract areas Block-L in Brunei, Rombebai in Papua and South Madura in Indonesia. AED has entered into several partnerships with companies in the oil and gas sector, including

Sinopec China Petroleum & Chemical Corporation (中国石油化工股份有限公司) or Sinopec (), is a Chinese oil and gas enterprise based in Beijing. It is listed in Hong Kong and also trades in Shanghai. Sinopec Limited's parent, Sinopec ...

, Petroleum Brunei,

Kulczyk Oil Ventures Kulczyk Investments SA (former Kulczyk Investment House SA) is an international investment company, founded by Polish entrepreneur Jan Kulczyk in 2007, focusing on business opportunities in high-growth markets. The company's strategic sectors a ...

, QAF Brunei, and

Cooper Energy Cameron International Corporation (formerly Cooper Cameron Corporation (CCC) and Cooper Oil Tool, Cameron Iron Works) though now operating under Schlumberger, is a global provider of pressure control, production, processing, and flow control s ...

. AED entered administration as a result of an international arbitration panel that went against AED over Puffin oilfield. The court awarded Sea Production a settlement of $US72.39 million.

References

External links

* * AED Oil Limited on Oil companies of Australia Natural gas companies of Australia Companies based in Melbourne Australian companies established in 2005 Energy companies established in 2005 {{australia-company-stub