Generic Hero BannerGeneric Hero Banner
Latest market news

Beach, Drillsearch clinch Australian gas sales deal

  • Märkte: LPG, Natural gas
  • 21.03.13

Sydney, 21 March (Argus) — Beach Energy and Drillsearch have signed a gas sales agreement with a joint venture led by fellow Australia independent Santos to supply 10bn ft (280mn m³) of gas containing liquids over a three-year period from its Western Cooper Wet Gas project.

Untreated raw gas, consisting of condensate, LPG and sales gas, will be sold with separate payments for each component, Drillsearch said. Condensate and LPG pricing will be linked to international product pricing, less processing and transport charges, while the gas sales are priced on a confidential basis.

The wet gas will be treated either at the Moomba and Ballera gas processing facilities, located in South Australia and Queensland respectively. The facilities are operated by the South Australian Cooper Basin joint venture (SACB), which is 66.6pc owned by Santos. Australian upstream and utility group Origin Energy owns 13.19pc of SACB and the remainder is owned by Beach. The Western Cooper Wet gas project is in permit PEL 106B in South Australia's Cooper basin that Drillsearch jointly owns with Beach.

The agreement starts later this year following the restart of production from the Western Cooper Wet Gas project on 17 March. The project contains the Middleton and Brownlow gas fields, the Middleton gas plant and plans to tie the Canunda west gas field to the Middleton gas plant in the April-June quarter.

Santos and Origin both operate LNG projects, which are currently being built. Santos operates the 7.8mn t/yr Gladstone LNG project and Origin jointly operates the 9mn t/yr Australia Pacific LNG venture, both are being built at the Queensland port of Gladstone.

Send comments to feedback@argusmedia.com
km/rjd 2.6



If you would like to review other ArgusMedia.com content options, request more information about Argus' energy news, data and analysis services.

Copyright © 2013 Argus Media Ltd - www.ArgusMedia.com - All rights reserved.


Teilen
Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more