Under the terms of the deal, Cooper will supply Visy with 7.6 PJ of gas from Sole for three years starting January 2020, with the potential for an extension of a further three years.
The gas will be supplied via the Orbost Gas Plant at current market prices and Cooper Managing Director David Maxwell said further discussions with customers for Sole gas were ongoing.
“Visy joins O-I Australia as the second large industrial manager supplied by Cooper Energy,” he said.
“We are delighted to add another industrial user of gas to our customer portfolio under a multiyear supply agreement.”
All offshore construction operations on the Sole field have been completed, with production wells now successfully connected to the Orbost plant.
APA Group is currently completing the project’s onshore operations to upgrade the gas plant to process gas from Sole, and Cooper said it is anticipated the facility will be ready in the September quarter of this year.
Located in the Gippsland Basin, the Sole gas field is being developed to supply approximately 24 PJ/a to the market, with more than 75 per cent of its reserves already contracted to a range of utility and industrial customers.
For more information visit the Cooper Energy website.
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