Buffalo Oil Field Decision on Approval of Action/Approved with
Conditions 12 Feb 2004
ACTION APPROVED: To decommission the Buffalo oil field facilities in
The Buffalo oil field was discovered in 1996 and is about 560
kilometres from Darwin.
BHP has agreed to sell its 50 per cent share to InterOil Corporation.
BHP said it would develop the Buffalo oil field at a gross capital
cost of $88 million with its joint venture partner, Canadian Petroleum
(CanPet), a subsidiary of Canadian Occidental Petroleum Ltd.
's 50% interest in Buffalo oil field in the Timor Sea for US
$21 million (Aus $40 million). Nexen Petroleum Australia Pty Ltd.,
formerly Canadian Petroleum Australia (Operations) Pty Ltd.
The Buffalo Oil Field is located in Production Licences WA-19-L and
WA-21-L in the Bonaparte Basin, approximately 300 km off the coast of
northern Western Australia.
Buffalo Oil Field Transportation
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