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 a Japanese corporate group and '' keiretsu'' that traces its roots to the ''zaibatsu'' groups that were dissolved after World War II. Unlike the ''zaibatsu'' of the pre-war period, there is no controlling company with regulatory power. Ins ...

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

ASX ASX is the Australian Securities Exchange. ASX may also refer to: * Armstrong Siddeley ASX, a jet engine * ASE Group's NYSE stock symbol * Mitsubishi ASX, a sport utility vehicle * John F. Kennedy Memorial Airport's IATA airport code See also ...

. 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 Mainland Australia, Australian mainland (more specifically the coast of Victoria (Australia), Victoria, with the exception of the land border across Boundary Islet). The ...

Tasmania Tasmania (; palawa kani: ''Lutruwita'') is an island States and territories of Australia, state of Australia. It is located to the south of the Mainland Australia, Australian mainland, and is separated from it by the Bass Strait. The sta ...

, 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 o ...

, 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. ...

interests in

Western Australia Western Australia (WA) is the westernmost state of Australia. It is bounded by the Indian Ocean to the north and west, the Southern Ocean to the south, the Northern Territory to the north-east, and South Australia to the south-east. Western Aust ...

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: Mathematics * Arc (geometry), a segment of a differentiable curve ** Circular arc, a segment of a circle * Arc (topology), a segment of a path * Arc length, the distance between two points along a section of a curve * Arc (pr ...

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