Deals - Joint Ventures | Key Wells
AWE Ties-In Latest Yolla Development Well to Export Facility
Print
|
AWE Limited advises that the Yolla-5 development well has been successfully tied-in to export facilities on the Yolla platform and production from that well has commenced.
The Operator is monitoring well performance to achieve optimal co-mingling with production from the existing Yolla-4 well and the Yolla-6 well, which was brought online in July. The early combined production rate from the BassGas facilities has now increased to approximately 64 TJ/day following the addition of the Yolla-5 and Yolla-6 wells.
AWE Managing Director, Bruce Clement, said that completion of the new wells and restarting full production was a significant milestone for the BassGas project: "The addition of the Yolla-5 and Yolla-6 development wells will now provide increased stable longer term production capability, and a greater level of well redundancy.
"The joint venture is now turning its attention to the tie-in and commissioning of the gas compression and condensate pumping modules on the Yolla platform, work that is expected to take approximately 18 months to complete."
The jack-up drilling rig, "West Telesto", is currently being demobilised and, when released, the development drilling phase of the BassGas Mid Life Enhancement project will be complete.
The BassGas project consists of the Yolla offshore well head platform connected by pipeline to the gas processing facility at Lang Lang, Victoria. The Yolla platform is located in Bass Strait, approximately 140km offshore from Kilcunda, Victoria.
The BassGas Joint Venture partners in T/L1 are:
- AWE Limited (via subsidiaries) 35.00%
- Origin Energy Resources Limited (Operator) 42.50%
- Toyota Tsusho Gas E&P Trefoil Limited 11.25%
- Prize Petroleum International Pte. Ltd 11.25%
More Deals - Joint Ventures News
Schlumberger, Aker Solutions Ink Subsea-Focused JV
Schlumberger, Aker Solutions and Subsea 7 announced an agreement to form a joint venture focused on subsea optimization. The proposed joint venture will combine Schlumberger’s and Aker Solutions’…
California Resources Second Quarter 2022 Results
California Resources Corp. reported second quarter 2022 operational and financial results. The company also announced the formation of a joint venture with Brookfield Renewable, creating a carbon management…
Equinor to Exit Russian JVs, Halt New Investments in Country
Equinor's Board of Directors has decided to stop new investments into Russia, and to start the process of exiting Equinor’s Russian Joint Ventures. Anders Opedal, President and CEO…
Talos, Storegga Partner for Carbon Capture Storage Project in GOM
Talos Energy Inc. has formed an exclusive joint venture with Storegga Geotechnologies Ltd. to source, evaluate and develop carbon capture and storage (CCS) project. The JV will evaluate…
ExxonMobil, Petronas Tout Discovery Offshore Suriname
ExxonMobil and PETRONAS have discovered hydrocarbons at the Sloanea-1 exploration well on Block 52 offshore Suriname. The well was drilled by operator PETRONAS to a total depth of…
Austral-Asia News
Chevron First Quarter 2023 Results
Chevron Corp. announced its first quarter 2023 results. Highlights Reported earnings of $6.6 billion; adjusted earnings of $6.7 billion Cash flow from operations of $7.2 billion; free cash…
Chevron Fourth Quarter, Full Year 2022 Results
Chevron Corp. reported its fourth quarter and full year 2022 results. Chevron reported earnings of $6.4 billion ($3.33 per share - diluted) for fourth quarter 2022, compared with…
Chevron Third Quarter 2022 Results
Chevron Corp. reported its third quarter 2022 results. Chevron reported earnings of $11.2 billion ($5.78 per share - diluted) for third quarter 2022, compared with $6.1 billion ($3.19…
Civeo Corp. Second Quarter 2022 Results; Raises Guidances
Civeo Corp. reported financial and operating results for the second quarter ended June 30, 2022. Bradley J. Dodson, Civeo's President and Chief Executive Officer, commented: "In the second…
Chevron Promotes Knowles to VP / Controller Role
Chevron Corp. announced the appointment of Alana K. Knowles as vice president and controller, effective March 1, 2023. Knowles will succeed David A. Inchausti, who will resign from…