1 April 2014
Rig secured for Yolla gas field drilling program
Origin Energy Limited (Origin), as operator of the BassGas Joint Venture, today announced that Seadrill Australia Pte Ltd (Seadrill) has been contracted to provide the drilling rig for the project's upcoming work program in Bass Strait's Yolla gas field.
The West Telesto drilling rig is expected to be mobilised during the 2014/15 Australian summer to drill the Yolla-5 and Yolla-6 wells as part of the Yolla Mid Life Enhancement project's second stage. The West Telesto is a three-leg jack-up rig that will cantilever over the Yolla platform during the drilling campaign.
The drilling of Yolla-5 and Yolla-6, along with the installation of associated flow lines and other works, will support the maintenance of gas production from the Yolla field.
BassGas Joint Venture
|Origin Energy Limited (Operator)*:||42.50%|
|AWE Limited (through subsidiaries):||46.25%|
|Toyota Tsusho Gas E&P Trefoil Pty Ltd:||11.25%|
*Through its wholly owned subsidiaries
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Price review outcome and update on FY2021 guidance
Origin Energy Limited (Origin) has provided the following update on earnings guidance for the year ended 30 June 2021 (FY2021), following an adverse outcome on a domestic gas contract price review, combined with a further deterioration in Energy Markets’ operating conditions.