Origin Energy Limited (Origin) today announced that the offshore Halladale/Speculant fields in the Otway Basin have come online.
The 100 per cent Origin-owned Halladale/Speculant project is expected to boost production at the Otway Gas Plant by up to 80TJ/day and drive growth in underlying EBITDA from FY2017 onwards.
“Gas has a growing role both as a lower emissions replacement for coal and providing reliability to support growth in renewables and the Halladale/Speculant project will support that growing demand,” Origin Integrated Gas CEO David Baldwin said.
Delivered in two parts, the Halladale/Speculant project involved:
- Drilling from a land base (30-kilometres east of Warrnambool) to access offshore reservoirs locations five kilometres off the coast in the Otway Basin;
- Construction of the new 33-kilometre Halladale/Speculant pipeline, connecting the well site to the Otway Gas Plant.
“Our strategy is connecting resources to markets and we are delighted that Halladale/Speculant will contribute to domestic gas supply and support the growth in renewables,” Mr Baldwin said.
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