04 December 2025
04 December 2025
The ECC approval allows TPOC to assume operational control of the offshore block after signing a formal agreement.
This agreement converts a previous non-binding HoA into a binding contract.
The company expects the project to reach plateau production of around 16,900boepd by 2026.
The company can now continue appraisal drilling and supply gas to the Northern Territory market under an existing agreement.
Pennpetro plans to reanalyse existing seismic data and complete the necessary pre-operational construction works.
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