AED Oil Limited is an oil and gas exploration and development company based in

Australia Australia, officially the Commonwealth of Australia, is a country comprising mainland Australia, the mainland of the Australia (continent), Australian continent, the island of Tasmania and list of islands of Australia, numerous smaller isl ...

with international assets. The company entered voluntary administration in August 2011. It is listed on the

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

with the code AED, and is a component of the

S&P/ASX 200 The S&P/ASX 200 (XJO) index is a market-capitalisation 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 A ...

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 language, Boonwurrung/ or ) is the List of Australian capital cities, capital and List of cities in Australia by population, most populous city of the States and territories of Australia, Australian state of Victori ...

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

Brunei Darussalam Brunei, officially Brunei Darussalam, is a country in Southeast Asia, situated on the northern coast of the island of Borneo. Apart from its coastline on the South China Sea, it is completely surrounded by the Malaysian state of Sarawak, with ...

and

Jakarta Jakarta (; , Betawi language, Betawi: ''Jakartè''), officially the Special Capital Region of Jakarta (; ''DKI Jakarta'') and formerly known as Batavia, Dutch East Indies, Batavia until 1949, is the capital and largest city of Indonesia and ...

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

Timor Sea The Timor Sea (, , or ) is a relatively shallow sea in the Indian Ocean bounded to the north by the island of Timor with Timor-Leste to the north, Indonesia to the northwest, Arafura Sea to the east, and to the south by Australia. The Sunda Tr ...

. 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 and Chemical Corporation, or Sinopec Group, is a Chinese oil and gas enterprise based in Chaoyang District, Beijing. The SASAC administers China Petroleum and Chemical Corporation for the benefit of State Council of the ...

, Petroleum Brunei, Kulczyk Oil Ventures, QAF Brunei, and Cooper Energy. 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