The collapse of Pilot Energy has left a degraded gas platform sitting off the coast of Dongara in Western Australia’s Mid West, with the Federal Government now likely to take responsibility for a costly clean-up.
Pilot Energy’s Cliff Head Oil Field and offshore well head is located off the North West coast of Western Australia, approximately 20km south-southwest of Dongara.
Triangle Energy – which previously held a majority stake in Cliff Head – had been transitioning the asset to Pilot for a carbon capture and storage (CCS) project, which failed to attract funding.
Yesterday, Triangle Energy requested a trading halt to assess the impact on the sale following Pilot going into voluntary administration on MondayRead the original article here