Gulf Oil and Gas accountACCOUNT

Casino Henry Secures New Gas Sales Contract for 2019

Source: www.gulfoilandgas.com 9/19/2018, Location: Not categorized

Cooper Energy (COE) announces that the Casino Henry Joint Venture (“the joint venture” which comprises Cooper Energy (50%) and Operator, Mitsui E&P Australia Limited (25%) and Peedamullah Petroleum Pty Ltd1 (25%)) has signed a new gas sales agreement with Origin Energy Retail Limited (Origin Energy).

The new agreement provides for supply from the joint venture to Origin Energy from 1 January 2019 to 1 January 2020 at current market prices. The joint venture has also entered into a new agreement with Lochard Energy for processing at the Iona Gas Plant for a minimum of 1 year and a maximum of 3 years to support a smooth transition to the Minerva Gas Plant in due course.

Production from Casino Henry is currently supplied to Origin Energy under a gas sales agreement that expires on 31 December 2018.

Cooper Energy Managing Director David Maxwell said the new gas sales agreement, which was negotiated after a competitive tender, was the sixth term gas contract Cooper Energy had written in the past 3 years.

“We are pleased to be contributing to the supply of gas for south-east Australian energy users and expect this contribution will lift in coming years. We are also planning to increase our investment in bringing more gas to market, through further development of the Henry gas field and in exploration for new gas fields that can be brought online rapidly said Mr Maxwell.

“The joint venture is also looking forward to completing our acquisition of the Minerva Gas Plant in due course, once the Minerva field has ceased production. We foresee the plant playing a key enabling role in Otway Basin gas, not only for Casino Henry but also for other discoveries made in the region”.

As announced to the ASX on 1 May, the Casino Henry joint venture has an agreement with BHP Billiton Petroleum (Victoria) Pty Ltd to acquire the Minerva Gas Plant on cessation of its current operations processing gas from the Minerva gas field.

The Casino Henry joint venture also holds the adjoining VIC/P44 exploration permit and VIC/RL11 and VIC/RL12 retention licences (refer Figure 1 following).

Natural Gas News in Australia >>

Australia >>  12/12/2018 - Woodside Energy Ltd has entered into a long-term gas sale and purchase agreement (GSPA) with Alcoa of Australia Limited (Alcoa) for the supply of up t...
Iran >>  12/11/2018 - Iran"s natural gas export which was halted by damage to IGAT-6 Pipeline has resumed. According to the National Iranian Gas Company (NIGC), exports fro...

Qatar >>  12/10/2018 - Australia overtook Qatar as the world’s largest exporter of liquefied natural gas (LNG) for the first time in November, data from Refinitiv Eikon show...
Russia >>  11/30/2018 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Norbert Konkoly, Ambassador Extraordinary and Plenipotentia...

United Kingdom >>  11/29/2018 - PETRONAS through its subsidiary, PETRONAS LNG Ltd (PLL) and Vitol Asia Pte Ltd (Vitol) signed binding Heads of Agreement (HOA) for long-term liquefied...
Russia >>  11/28/2018 - A Gazprom delegation headed by Alexey Miller, Chairman of the Company’s Management Committee, paid a working visit to Turkmenistan today. ...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 


Australia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.