3 July 2015
Yolla-5 production well reaches total depth
Origin Energy Limited (Origin), as Operator of the BassGas Joint Venture, today announced that the Yolla-5 production well, which spudded at 21:30 hours AEDT on 14 March 2015, reached total depth of 3,384m MDRT (Measured Depth Below Rotary Table).
The well has been logged and cased, evaluation of results is ongoing and preparations are in place to complete the well before being commissioned for production, along with Yolla-6, via the BassGas production facility at Lang Lang, Victoria.
The well was drilled using the West Telesto jack up rig. The Yolla-5 and Yolla-6 wells are being drilled as part of Stage 2 of the BassGas Mid Life Enhancement (MLE) project.
The wells are being drilled from the Yolla Platform which is located in Bass Strait, approximately 140km off shore from Kilcunda, Victoria.
BassGas Joint Venture
|Origin Energy Resources Limited (Operator)*:||42.50%|
|AWE Limited (through subsidiaries):||35.00%|
|Prize Petroleum Company Limited:||11.25%|
|Toyota Tsusho Gas E&P Trefoil Limited:
* 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.