About Bridgeport Energy
Bridgeport Energy is a public, unlisted Australian company, established to acquire and develop oil and gas assets in Australasia and other international locations. In 2012, New Hope acquired 100% ownership of Bridgeport.
Bridgeport currently has oil projects and exploration permits based in the Eromanga Basin of south west Queensland and two onshore exploration permits in the Otway Basin of south western Victoria.The company operates two producing fields and has a close alliance with a drilling contractor that allows the cost effective drilling of development wells.
The company is equipped to capitalise on opportunities in the oil and gas industry as it shares New Hope’s end-to-end supply chain philosophy. Bridgeport operates in all the capacities of an oil and gas company – seismic and drilling, through to project development and production – which places it among a limited number of oil companies in Australasia with this capability.
While production is currently small (about 6,000 barrels per month), New Hope intends to expand these activities where appropriate.