Key facts
- Carnarvon Energy Ltd. may make a final investment decision on an Australian oil discovery late next year.
- The project has faced delays for nearly a decade.
- Geopolitical tensions in the Middle East may influence the timing of the decision.
Carnarvon Energy Ltd. has stated that a final investment decision for one of Australia's largest undeveloped oil discoveries might be made by late next year. This potential decision comes after the project has been delayed for nearly a decade. The company suggested that geopolitical tensions in the Middle East could influence the timing of this decision. The specific oil field is one of the largest undeveloped oil discoveries in Australia.