Skepticism over Carnarvon’s Buffalo field off East Timor

Australian start-up Carnarvon Petroleum is preparing to begin drilling its Buffalo oil project off East Timor as it targets a potential oil bonanza. However, Carnarvon’s claims that previous operator BHP originally missed more than 30 million barrels of oil might be wide of the mark.

BHP started production at the field in December 1999 and…

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