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The road to Dorado – Australia's oil find of the century

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20 August 2018

The road to Dorado – Australia's oil find of the century

Report summary

No one predicted it. Dorado-1 was one of the top gas wildcat wells to watch in Asia Pacific in 2018. So when the well discovered light oil in a net 130 metres of high-quality pay, operator Quadrant Energy and partner Carnarvon Petroleum would have been more than a little pleasantly surprised. The Dorado-1 discovery is the talk of the town in Perth. It's been over 20 years since the last 100-million-barrel discovery in Western Australia. That was the 119-mmbbl Hermes find by Woodside Petroleum back in 1996. Dorado is now the third largest find in Western Australia's history – based on Carnarvon Petroleum's reported 2C recoverable oil estimate (171 million barrels).

Table of contents

  • What is this worth?
  • Corporate implications
  • Australia's future through the eyes of Dorado

Tables and charts

This report includes 2 images and tables including:

  • Base assumptions
  • Valuations of our sensitivities using Wood Mackenzie's Global Economic Model (GEM)

What's included

This report contains:

  • Document

    The road to Dorado – Australia's oil find of the century

    PDF 1.10 MB

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