The National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) is assessing Beach Energy’s environment plan (EP) for the Otway phase 5 early dive installation campaign. Beach Energy is proposing an early dive installation campaign in the vicinity of the Thylacine wellhead platform, located 70 km offshore from Port Campbell, Victoria. All proposed activity is …
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Beach Energy managing director Matt Kay has described the 2021 financial year as challenging for the company’s Western Flank, but it remains in a strong position as it delivers on its gas growth projects in the Perth and Otway Basins. Outlined in its 2021 financial year results, Beach Energy has two expiration successes in the …
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Beach Energy has been given the green light by the national petroleum regulator to undertake subsea installation and commissioning activities associated with the Otway offshore phase four development, Victoria. Outlined in its environment plan to the the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA), the project is located in petroleum production licence VIC/L23, …
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Beach Energy managing director and chief executive officer Matt Kay said the company has made positive progress towards delivering its multi-basin growth strategy, with focus on increasing gas production across multiple production hubs during the fourth quarter of the financial year. The company outlined in its quarterly report that it completed drilling the first of …
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Cooper Energy’s production from the Sole gas field, located offshore in the Gippsland Basin, has been constrained due to fouling within the sulphur absorbers of the Orbost Gas Processing Plant, owned by APA Group. Despite the gas processing issues, the company advised that all Sole customer nominations have been met to date, with gas supply …
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The Federal Government has released the 2021 offshore petroleum exploration acreage, with around 80,000km2 of new acreage available for exploration in Australia. Minister for Resources, Water and Northern Australia Keith Pitt said the release comprises 21 areas across the Bonaparte, Browse, Carnarvon, Otway, Sorell and Gippsland Basins off Western Australia, Victoria, Tasmania and the Ashmore …
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The federal government has signed a $1.08 billion energy and emissions reduction deal with South Australia that will target an additional 50 petajoules (PJ) per annum by the end of 2023 and 80 PJ by 2030. As part of the agreement, the governments will pursue initiative that create additional dispatchable generation to help deliver affordable …
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Cooper Energy has hit a new record for its total oil and gas production with a 46 per cent increase compared to the prior quarter. Outlined in the company’s March quarterly report, production was 0.77 MMboe, mainly due to higher gas production from Sole following reconfiguration of the Orbost gas processing plant (OGPP) during the …
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Origin Energy has been emerged in a price review for gas purchased from Beach Energy’s Otway Basin fields, located in Victoria and South Australia. The arbitrator has now issued a partial award and on the basis of that decision the new gas price is likely to be materially above Origin’s expectations and recent comparable wholesale …
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Cooper Energy has extended its transition agreement with APA in relation to the Orbost gas processing plant (OGPP) by 12 months. As announced in August 2020, Cooper Energy entered into a transition agreement to provide the frameworks for commencing Sole gas sales agreements and commissioning OGPP as early as possible. The transition agreement also provides …
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