ADELAIDE, Australia – The Casino Henry joint venture has signed a new gas sales agreement with Origin Energy Retail Ltd. for supply from March 1, 2018 to Dec. 31, 2018, according to operator Cooper Energy.
The new agreement, at current market gas prices, replaces the existing supply agreement with EnergyAustralia which expires on Feb. 28, 2018, and has been in operation since the Casino gas field started production in February 2006.
Origin Energy will purchase 100% of the joint venture’s production which will be processed under a new agreement with Lochard Energy at the Iona Gas Plant for a matching period.
Cooper Energy added that total production from the field for the financial year to date has averaged about 36 terajoules per day. Increased output is expected following the completion of the workover of theCasino-5 well scheduled for February 2018.
Cooper Energy holds a 50% interest in and is operator of the Casino Henry joint venture, with Mitsui E&P Australia Pty Ltd. and AWE Ltd. both holding 25% interests.
The Casino Henry joint venture produces gas from theCasino, Henry, and Netherby gas fields located in licenses VIC/L24 and VIC/L30 in the Otway basin offshore Victoria.