Petrel brings major Australian oil explorer to Porcupine Basin

Australia’s largest independent oil and gas company, Woodside has become the latest international oil industry player to move into the Irish offshore.

19th September, 2013
Petrel’s managing director David Horgan.

Australia’s largest independent oil and gas company, Woodside has become the latest international oil industry player to move into the Irish offshore.

John Teeling and David Horgan backed Irish explorer Petrel Resources has been granted consent by the Department of Communications, Energy and Natural Resources to assign an 85 per cent interest in two of its Porcupine Basin licenses to the Australian company. The deal also sees Woodside become the operator of Licence...

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