Basin Review Otway Basin

Iona upgrade underway

Expansion works have commenced at Lochard Energy’s Iona Gas Plant in Port Campbell, Victoria, which will enable underground gas storage at the plant.

The 2018 Offshore Petroleum Exploration Acreage has been released, covering WA, SA, Vic and the Ashmore and Cartier Islands.

The Casino Henry Joint Venture (JV) has signed an agreement with BHP for its 90 per cent interest in the Minerva Gas Plant, onshore Otway Basin, Victoria.

A report by the Australian Energy Market Operator has highlighted the need for more gas supply in Victoria in order to avoid a projected shortfall in 2022.

Cooper commences Casino mobilisation

Cooper Energy has begun the mobilisation of Diamond Offshore’s Ocean Monarch rig from offshore Fremantle to the Otway Basin, offshore Victoria.

Beach increases production target

Beach Energy has increased its FY18 pro forma production guidance to 25.5–27.6 MMboe following a stellar quarter.

Origin Energy plans to cut 650 jobs after it completes the $1.6 billion sale of its non-core oil and gas assets arm, Lattice Energy, to Beach Energy.

Victoria has released the first Victorian Gas Program (VGP) Progress Report, with initial analysis showing onshore conventional reserves are much smaller than the offshore resources.

Beach Energy has discovered a new gas field at its Haselgrove-3 ST1 well in the onshore Otway Basin, south of Penola in South Australia.

Australia’s gas exploration and production opportunities

With international LNG exports and domestic consumption increasing the demand for Australian gas, significant opportunities exist for the local sector. Gas Today takes a look at what will be driving...

Acreage release boosts economy

Over 200,000 sq km of exploration acreage was released by the Australian Government at the Australian Petroleum Production and Exploration Association Conference in Perth in April 2011.

Enter your details to subscribe to the free fortnightly Gas Today e-newsletter

Thank you for signing up for the Gas Today Online Update.