Following the successful oil discovery at Pavo-1, Carnarvon Energy has conducted a resource assessment of the well and confirmed the existence of a significant volume of light oil present in its high-quality reservoirs.
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Santos achieves record oil production in first quarter
In the first quarter of 2022, Santos has achieved a record production of 26 million barrels of oil equivalent (mmboe), and a record quarterly sales revenue of over $2.55 billion.
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Pavo-1 hits milestone
Santos and Carnarvon Energy have confirmed the Pavo-1 exploration well has a significant oil discovery 46 kilometres east of the Dorado field in the Bedout Sub-Basin, offshore Western Australia.
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