Central Petroleum (ASX: CTP) — Company Overview, News & Financial Data
Central Petroleum is an Australian oil and gas producer, focusing on the Mereenie gas field in the Northern Territory.
Central Petroleum
Central Petroleum is an Australian oil and gas exploration and production company based in Brisbane, Queensland. The company operates onshore conventional petroleum producing assets in the Amadeus Basin, located in the Northern Territory, including the Mereenie, Palm Valley, and Dingo gas fields. Central Petroleum supplies natural gas and petroleum products to power generation facilities, mining operations, industrial customers, and energy retailers across northern, central, and eastern Australia. In addition to active production fields, the company holds exploration and prospective oil and gas permits across the Amadeus, Cooper, Otway, and Wiso basins in the Northern Territory, South Australia, and Victoria.
Snapshot
Operations
Products and/or services of Central Petroleum
- Onshore Natural Gas Production: Extraction and processing of conventional natural gas from operating fields in the Amadeus Basin of the Northern Territory. Supplies pipeline-quality gas to regional power stations, industrial facilities, and major utilities across central and eastern Australia.
- Crude Oil Production: Extraction and transportation of crude oil from onshore producing wells located in central Australia. Produced crude is processed at surface facilities and transported via truck or pipeline to regional refinery networks and commercial buyers.
- Gas Supply and Wholesale Contracts: Long-term commercial sales and wholesale marketing of natural gas to power generation facilities, mining operations, industrial customers, and energy retailers. Delivers contracted energy volumes via connected Australian interstate pipeline networks.
- Basin Exploration and Appraisal: Subsurface exploration and target appraisal activities across prospective permits in the Amadeus, Cooper, Otway, and Wiso basins. Activities include seismic survey acquisition, geological mapping, exploratory drilling, and resource prospective evaluation.
- Gas Processing Infrastructure Operations: Operation and maintenance of central gas gathering lines, compression facilities, and processing plants in the Northern Territory. Ensures regulatory compliance, raw gas dehydration, condensate separation, and pipeline inlet pressure requirements.
- Subsurface Asset Development Projects: Field development, well workovers, infill drilling, and wellhead compression upgrade projects designed to enhance hydrocarbon recovery rates, extend field production life, and increase existing reserve conversion from proved fields.
Central Petroleum executive team
- Mr. Leon Goss Devaney B.Sc., M.B.A.CEO, MD & Director
- Mr. Damian Galvin C.A.Chief Financial Officer
- Mr. Ross EvansChief Operating Officer
- Mr. Daniel Christopher Matthew White BCom, LLB, LLMCompany Secretary & Group General Counsel