AWE completes BassGas upgrade on time, in budget
JOHANNESBURG (miningweekly.com) – The final phase of the midlife enhancement (MLE) project works at offshore gas deposit BassGas, which includes the installation and commissioning of a compressor and condensate pumping unit at the Yolla-A platform, had been completed ahead of time and within budget, ASX-listed AWE said on Friday.
The company, which holds a 35% interest in the Tasmania-based project, noted that this followed the drilling and completion of, and gas sales from, the final two development wells, Yolla-5 and Yolla-6, in 2015.
Compression of Yolla gas started on June 12, with production reaching the facility design capacity of 67 TJ/d on June 24, following a period of performance testing and system fine-tuning.
AWE CEO David Biggs noted that this marked the end of the BassGas MLE project: “We anticipate a significant improvement in BassGas production from July and we plan to start marketing our share of uncontracted gas from the Yolla field to prospective customers in 2018.”
Meanwhile, AWE is working with BassGas operator Origin Energy on the development of concept studies for the nearby Trefoil field, which is similar to the Yolla field in terms of gas-condensate mix.
The completion of the MLE project triggers a cash payment of $2.5-million to AWE from Prize Petroleum, in line with the terms of the sale of an 11.25% interest in BassGas to Prize by AWE in 2014. The payment is not expected to be received until the next financial year.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation