29 August 2016

Halladale/Speculant comes online

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. 


Contacts

Media
Stephen Ellaway
Senior External Affairs Manager
Ph: +61 2 9375 5834
Mobile: +61 417 851 287
Investors
Joanna Nelson
Group Manager, Investor Relations
Ph: +61 2 9375 5708
Mobile: +61 459 837 251