Australia may have lost its lustre as a destination for frontier offshore exploration, but there is still some excitement to come this year thanks to Santos in the Dorado oilfield area.

Offshore exploration spending in Australia plummeted in 2020, down 55% from 2019 to A$355.2 million, according to EnergyQuest.

The number of new discoveries could be counted on a couple of fingers – Beach Energy’s Artisan and Enterprise finds in south-east Australia’s Otway basin.

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