AED Oil
| Company type | Public |
|---|---|
| Industry | Oil and gas |
| Founded | May 2005 |
| Defunct | August 2011 |
| Headquarters | Melbourne , Australia |
Area served | Australia, Southeast Asia |
| Products | Oil, natural gas |
AED Oil Limited is an Australian-based enterprise specializing in the exploration and development of oil and gas, with assets extending internationally. In August 2011, the company entered voluntary administration.
Trading on the Australian Securities Exchange under the ticker AED, it was included in the S&P/ASX 200 index until its shares were suspended due to administration proceedings. Established in May 2005 through its ASX listing, AED Oil was created to acquire, develop, and commercialize hydrocarbon fields.
With its headquarters located in Melbourne, AED possesses holdings across Australia and Southeast Asia, maintaining offices in Brunei Darussalam and Jakarta. Since its inception on the stock market, the firm has produced in excess of two million barrels of high-quality oil from the Puffin field situated in the Timor Sea. Additionally, it secured contract areas including Block-L in Brunei, Rombebai in Papua, and South Madura in Indonesia.
To advance its exploration and development efforts, AED established strategic alliances with key industry entities such as Sinopec, Petroleum Brunei, Kulczyk Oil Ventures, QAF Brunei, and Cooper Energy.
The company’s financial stability was adversely affected following an international arbitration decision related to the Puffin oilfield dispute. The tribunal mandated a compensation payment of US$72.39 million to Sea Production, which precipitated AED’s move into administration.
External links
- AED Oil Limited on