Cooper Eyeing Annie Gas Find Start-Up in 2022

OE Staff
Monday, February 24, 2020

Australian oil and gas company Cooper Energy might bring its Annie gas discovery online in 2022.

Cooper, in cooperation with Mitsui E&P, made the discovery at the Annie-1 well, located 9 kilometers offshore Victoria, Australia, in September 2019.

The discovery, made using the Ocean Monarch semi-submersible drilling rig, sits in a water depth of 58 meters, between the producing Henry (15 kilometers west) and the depleted Minerva (11 kilometers east) gas fields.

Cooper on Monday announced it had assessed the 2C Contingent Resource for the Annie gas field as being an estimated 8.9 MMboe (100% gross working interest). Cooper Energy’s net economic interest is assessed to be an estimated 4.6 MMboe.

The company has said it is investigating concepts for the development of the field, with a view to an FID decision by the conclusion of 2020. The first production could be expected production from mid-2022.

"Development prospects for the Annie discovery are enhanced by its location nearby the producing Casino, Henry and Netherby gas fields. The proximity of subsea infrastructure for these operations offers development options and economies for new discoveries. In addition, the Minerva Gas Plant is an attractive processing option for Annie and future developments in the region," Cooper Energy said.

As previously reported, Cooper had planned to drill the Eleanora-1 well after Annie-1 last year. However, drilling of the Elanora-1 in VIC/L24 was deferred following a repeated loss of tension on the mooring lines attached to the Ocean Monarch drilling rig whilst on location at Annie-1.

Drilling of Elanora-1 will be considered for a drilling campaign being prepared for 2021 – 2022, subject to rig availability, Cooper said.

Categories: Production Gas Australia/NZ Shallow Water

Related Stories

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Petrovietnam, Partners Sign PSC for Block Off Vietnam

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

BW Opal FPSO Vessel set for Work off Australia

Pakistan’s OGDC to Start Production at ADNOC’s Offshore Block by 2027

Petrovietnam, Petronas Extend PSC for Offshore Block

CNOOC Starts Production at Two New Oil and Gas Projects

Current News

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com