Sources said the joint venture partners — operator Santos on 45%, Singapore Petroleum Company with 40% and Cue Energy on 15% — decided to start looking again at Jeruk last year.

Production technology improving in recent times, coupled with the high oil price meant it was worth re-examining a possible development, “although it is still early days”, said a source. “Jeruk field development studies are being completed in 2012 with a possible development decision in 2013,” said co-venturer Cue.

The