Drilling & production - 07 April 2020

The largest share of the company's capital spending reduction will be in the Permian Basin.

The company has said however that Premier Oil has withdrawn from the project, as the well did not meet its pre-drill expectations.

Under the agreement with Falcon Oil and Gas, Origin will increase its interest n the Beetaloo Basin JV to 77.5%.

Group production for the year to 31 December 2019 was in line with guidance at 13 886 boe/d on a working interest basis (19 356 on a pro forma basis).

The company's contract with Dubai Petroleum will end in October 2020 rather than January 2022.