Origin considering QLD infrastructure co-operation

Origin Upstream Oil and Gas Manager Paul Zealand has told the Australian Petroleum Production & Exploration Association (APPEA) 2011 Conference and Exhibition “We’d be looking at how to share [water] pipelines and how to share infrastructure… now we’ve all got projects which are at a stage of surety, then those opportunities are opening up.”

Mr Zealand said “We’re quite well-connected with these other projects, and they are they are not operating in isolation to us.”

Further cost reductions for the project are expected, with Origin introducing two new drill rigs to its upstream operations in May 2011 – which Mr Zealand says will reduce drilling time.

He said that it is still anticipated that a final investment decision will be made on the APLNG Project by mid-2011 on its project, and reach first LNG production in 2015.

“We are on track to take an investment decision when all the necessary prerequisites are on track, and we are not very far away from being able to do that,” Mr Zealand said.

“We are still very, very focused on delivering LNG in 2015.”

The APLNG Project is an $A18 billion joint venture between Origin and ConocoPhillips.

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