Central Petroleum Limited
Central Petroleum Limited is an oil and gas exploration and production company.
The business
Central Petroleum Limited is an oil and gas exploration and production company. The Company is focused on supplying reliable energy to Australians. It has a diverse portfolio of producing and prospective gas tenements across the Northern Territory (NT) and Queensland. Its segments include Producing assets, Development assets, and Exploration assets. Producing assets are engaged in the production and sale of crude oil, natural gas and associated petroleum products from fields that are in the production phase. Development assets include fields under development in preparation for the sale of petroleum products. Exploration assets include exploration and evaluation of permit areas. Its key production area is the Amadeus Basin, where it produces oil and gas from its Mereenie, Palm Valley and Dingo fields. Its license area includes Amadeus Basin, Pedirka Basin, and Wiso Basin. Its Amadeus Basin includes Southern Amadeus and Ooraminna Retention Licenses.
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Latest news

The Race Is on to Re-Establish Australia’s Natural Helium Production Capabilities
International and local explorers are in a race to bring a natural helium industry back to Australia, where no local production has been available since the country’s only extraction plant in Darwin shut down in late 2023 after the depletion of the helium-rich gas supply from the Bayu-Undan field. However, analysts see Australia as having […]

ACCC report boosts confidence in Australia’s gas industry
With a number of junior and major petroleum companies increasing their output, Australia’s gas industry says a new Australian Competition & Consumer Commission (ACCC) report has confirmed it is doing its bit to ensure the east coast of the nation will be well supplied into the future. The ACCC’s September 2023 interim gas inquiry report […]

Oil and gas rush speeds-up as prices surge
A promising gas discovery revived interest in Buru Energy (ASX: BRU) earlier this week – delivering a 30% share-price rise in the latest example of investors returning to the politically incorrect oil and gas sector, a move which iron ore billionaire Gina Rinehart successfully made late last year. Though miles apart in terms of size […]

Central Petroleum to supply Mereenie gas to AGL Energy
Central Petroleum (ASX: CTP) has inked a deal to supply up to 21.9 petajoules of gas from its Mereenie field in the Northern Territory to major retailer AGL Energy (ASX: AGL). The new gas sale agreement, signed together with Central’s private joint venture partner Macquarie Mereenie Pty Ltd, spans a three-year period and is expected […]
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