AWE Limited operates as an oil and gas exploration and production company. The Company currently has oil and gas interests in Australia, New Zealand, Indonesia, Yemen, and the United States, and is actively reviewing additional growth opportunities.

Since May 2018, it has been a wholly-owned subsidiary of Mitsui & Co., Ltd. (Japan) and has been delisted from the ASX. Mitsui E&P Australia Pty Ltd and AWE Limited are now sister companies working under the single brand of Mitsui E&P Australia (MEPAU) to reflect the combined businesses.

The company’s assets currently include the BassGas project in Bass Strait, Tasmania, the Casino gas project in Otway Basin, Victoria, and onshore Perth Basin interests in Western Australia.