Market developments favor Manta gas field tie-in offshore southeast Australia
Cooper Energy says that a business case is growing for development of the Manta gas field in the Gipspland basin offshore Victoria.
ADELAIDE, Australia – Cooper Energy says that a business case is growing for development of the Manta gas field in the Gipspland basin offshore Victoria.
This follows gas supply and demand forecasts, customer enquiries and synergies with the nearbySole gas project, boosted by reductions in the cost of drilling and offshore hardware.
Cooper expects to incorporate the Manta-3 appraisal well into its schedule for the drilling of the Sole production wells next year, subject to a final investment decision (FID) on Sole.
Results of the appraisal well, which will also test theManta Deep prospect, will influence the scale and timing of the Manta development.
Currently the company anticipates a FID for development of Manta in 2019, with production to start in 2021, although growing market demand could cause the schedule to be accelerated, based on the results of Manta-3.