Basin Review Otway Basin

AEMO calls for more supply

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

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 releases VGP report

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 discovers new gas field

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.

Beach Energy has entered into binding agreements with Toyota Tsusho to acquire its interests in the Otway Gas Project and the BassGas Project, both located off the coast of Victoria.

Origin Energy has signed a deal that will see it purchase 100 per cent of Casino Henry gas production from March this year.

The Victorian Government is using hi-tech aircraft for aerial gravity surveying to search for future offshore gas resources.

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.

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