Oil and Gas News

Cooper Energy finalises Minerva gas plant acquisition

Cooper Energy and its Casino Henry joint venture partners (Mitsui E&P Australia and Peedamullah Petroleum) have completed the acquisition of the Minerva gas plant.

The plant has been acquired from the Minerva joint venture participants – BHP Petroleum (90 per cent interest) and Operator, Cooper Energy (10 per cent interest) – following the end of production from the Minerva gas field in early September.

Cooper and Mitsui have acquired the plant to process gas from the Casino, Henry and Netherby gas fields and from economic new discoveries anticipated from exploration.

Planning for engineering and construction works to connect the Minerva gas plant to the Casino Henry gas gathering system is well advanced.

The new Annie discovery made in September 2019 is currently the subject of analysis and modelling to determine resource size and development option using the Minerva gas plant.

This project includes minor modification to the gas plant, connection of onshore pipelines and connection of the Casino Henry control system to the Minerva gas plant control room and associated regulatory approvals, and is expected to be completed by mid-2021.

The connection of existing producing fields to the plant is expected to deliver benefits including lower processing costs, improved recovery enabled by lower inlet pressure and the ability to offer customers uninterruptible supply.

The Minerva gas plant has processing capacity of up to 150 TJ/day and capability for processing of liquid hydrocarbons.

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