Gippsland Basin

Esso begins gas exploration program

The company is investing $120 million to drill two exploration wells in its 100 per cent owned VIC/P70 block, which is located approximately 90 km off Victoria’s East Gippsland coast.   The
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Sole Gas Project on track in big year for Cooper

Cooper announced the $355 million offshore development, located in the Gippsland Basin, was 64 per cent complete and within schedule and budget. The company also posted a net profit of $27 million for
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Bringing Australia’s offshore gas to market

More than 90 per cent of Australia’s 164 trillion cubic feet (Tcf) of gas lies in offshore basins. Some of these basins are located in water depths up to 5,495 m, which pose a number of challenges
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Acreage release boosts economy

The acreage release encompassed 29 release areas over nine basins and is the equivalent to three times the size of Tasmania. The 2011 Offshore Acreage Release is characterised by large blocks in offshore
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Gov’t chimes in on unconventional gas inquiry

Accompanied by an Onshore Natural Gas Water Sciences Study, which revealed varied groundwater impact assessments for the Otway and Gippsland regions, the interdepartmental government submission raised
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Unlock the gate? A special look at a divided state

The previous Victorian Liberal government, under the leadership of Ted Baillieu, installed a moratorium on all unconventional onshore gas exploration and production in 2012 amid rising community outrage
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Sole Gas Project FEED 31 per cent complete

Costs are running at 81 per cent of budget and the project remains on schedule for a final investment decision in the September quarter of 2016, with plans in place to accelerate FEED progress against
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Orbost Gas Plant deal completed

The transaction is a key component of Cooper’s Sole Gas Project, which will bring a new source of gas supply to south east Australia from 2019. The agreement also provides for the plant to process
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