Oil and Gas News

Cooper Energy projects experience success

Cooper Energy projects experience success

Cooper Energy’s Orbost Gas Processing Plant (OGPP) has increased its average rate from 21 per cent to 42 tj per day in November.

OGPP, which is owned and operated by APA Group, is located in the Gippsland Basin.

The higher average processing rate was due to an extension of the absorbers’ operating cycle.

Meanwhile, the lower average processing rate in October was a result of operational trials throughout the implementation of the agreed Phase 2B scope for the spray distribution nozzles.

OGPP’s solids filtration installation is anticipated to commence in the late third quarter of 2022’s financial year.

Previously, it was expected to start in the early third quarter of 2022’s financial year.

The delay is due to supply chain constrains and operational impacts from COVID-19.

APA has also advised that the total cost for the Phase 2B works is expected to be in the order of $26 million

An onshore Otway Basin seismic survey will start in the middle of December.

Cooper Energy’s Athena Gas Plant Project has also achieved a critical milestone, with cutover of the CHN pipeline from the Iona Gas Plant to the Athena Gas Plant completed on schedule.

Flow of the CHN gas into Athena will soon start.

Cooper Energy Managing Director, David Maxwell, said that recent increases in spot gas prices demonstrate the tight gas supply situation in south-eastern Australia.

“The recent increase in spot gas prices highlights the important and valuable role Cooper Energy will play in bringing new gas supply to market,” Maxwell said.

“Gas sales from the Athena Gas Plant will commence soon, Phase 2B works at the Orbost Gas Processing Plant are to be undertaken next quarter, and discussions are underway for new long-term Gas Supply Agreements. Cooper Energy is well positioned to deliver material and sustainable growth from its existing asset portfolio.”

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