06/10/2022 - 16:05

Triangle to rejig oil JV after carbon capture review

06/10/2022 - 16:05


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WA oil producer Triangle Energy has formalised a deal to reduce its stake in the Cliff Head Joint Venture partnership shared with ASX-listed Pilot Energy. The company currently owns 80 per cent of the project but has agreed to sell off half its rights for $1 million – a sum projected to hit its coffers by the second quarter of next year, pending a government review of the duo’s proposed carbon capture and sequestration plan for the site.

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