Cooper Energy said in its FY20 first half results it expects first gas supply from the Sole gas field by March 2020.
The Sole Gas Project offshore portion was completed within schedule and $355 million budget in July 2019; however, the necessary upgrade of the Orbost Gas Processing Plant was significantly delayed and did not see completion until January 2020.
Commissioning at Orbost is now progressing and gas has been introduced into the plant, with firm supply from Sole field expected next month.
Cooper Energy Managing Director David Maxwell said the start-up of Sole will culminate a five-year effort by the company to bring the field to market.
“Sole has demonstrated our capability in developing and commercialising gas for south-east Australia,” said Mr Maxwell.
“We have more opportunities in our portfolio and our work program for the second half is heavily weighted to advancing new projects and exploration that can bring more gas to market.”
Mr Maxwell says Cooper is expecting a transformational uplift in production and cash flows from Sole.
“Plant design rates of 68 TJ per day would see our total daily production lift to approximately five times current levels.
“The start of supply to the customers whose commitment enabled Sole to proceed will be the highlight of the year.
“With plant commissioning advancing, we are expecting this event to occur in the near future,” said Mr Maxwell.
For more information visit the Cooper Energy website.
If you have news you would like featured in The Australian Pipeliner contact Managing Editor David Convery at email@example.com