Sole pipeline a step nearer

The Sole project is proceeding in line with schedule for the target date of first gas into the upgraded Orbost Gas Plant in March 2019.

The manufacturing of the control umbilical has commenced in the United Kingdom, as has the manufacture of the 65 km of subsea line pipe in Brazil. Subsea 7 has been awarded the contract to construct the subsea pipeline.

Manufacturing of the subsea wellheads and trees is in an advanced stage with assembly activities proceeding in Singapore and the United Kingdom.

Well construction planning activities are proceeding on schedule with equipment assembly and testing activities underway.

Preparations are also underway for the commencement of well construction activities from the Ocean Monarch Mobile Offshore Drilling Unit in Q1 2018.

The horizontal directional drill (HDD) works for the shoreline crossing of the offshore gas pipeline and associated control systems are underway with the drill rig set up on site.

Orbost plant agreement with APA Group

On 1 June, Cooper executed a series of agreements for APA Group to acquire, upgrade and operate the Orbost Gas Plant. As part of the agreements, Cooper Energy will develop the Sole gas project and APA will acquire, upgrade, and operate the Orbost Gas Plant to process gas from Sole and potentially other fields.

The agreements also include an option for the processing of gas from Cooper Energy’s Manta gas project, which the company is planning to develop subsequent to Sole.

The agreement is subject to certain conditions precedent, including finalisation of Cooper Energy’s debt funding for the Sole gas project and a final investment decision by Cooper Energy.

APA is progressing the detailed design and procurement activities associated with the upgrade of the Orbost Gas Plant and this remains on plan. APA is acting as agent for Cooper Energy pending completion of the APA transaction.

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