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Triangle Awards Cliff Head Maintenance Job to Upstream PS

Source: www.gulfoilandgas.com 4/3/2020, Location: Not categorized

GR Engineering Services Limited is pleased to announce that its wholly owned oil and gas services business, Upstream Production Solutions Pty Ltd (Upstream PS) has entered into a three-year contract with Triangle Energy (Operations) Pty Ltd ( (Triangle Energy) for the provision of operations and maintenance services to the Arrowsmith Stabilisation Plant (ASP) and Cliff Head Alpha Offshore Platform (Cliff Head) in the Perth Basin, Western Australia (Contract).

Upstream PS has been providing operations, maintenance, projects and advisory services to the ASP and Cliff Head facilities since they were commissioned in 2006 and this Contract secures its continued involvement in the project.

Commenting on the contract, GR Engineering’s Managing Director, Mr Geoff Jones, said:
“Upstream PS continues to perform well in challenging market conditions and we are excited that we have been given the opportunity to continue to support Triangle Energy.”

Triangle has a 45% interest in the offshore TP/15 Joint Venture in the Perth Basin and holds 50% interest in L7(R1) Mt Horner discovery onshore in the Perth Basin subject to the Farmout Agreement.

The Company and its joint venture partners are assessing investment budgets for both projects.

The Company continues to use cashflow arising from its equity in the Cliff Head Joint Venture into wider Perth Basin geotechnical work and the Cliff Head Renewal Project.

Several workover, infill and satellite drilling opportunities that could be drilled from the Cliff Head platform, have been identified in and around Cliff Head field following a review of the subsurface opportunities in the first half of 2019.

The Company will be well positioned to make an investment decision on these opportunities when business conditions improve. Success with these opportunities could extend the life of the Cliff Head platform and the onshore Arrowsmith Oil Stabilisation Plant.

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