PERTH (miningweekly.com) – The Australia Pacific liquefied natural gas (APLNG) project has resulted in a 55% increase in production for oil and gas major Origin Energy during the three months to September, compared with the previous corresponding period.
The ASX-listed company reported on Monday that production for the quarter under review reached 74.2 PJe, with revenue for the quarter also up by 91%, to A$429.7-million.
Sales volumes for the quarter were also up, by 17%, to 78.5 PJe.
“Origin’s strong growth in production and sales during the September quarter can be attributed to the sustained performance of APLNG,” said Origin CEO for integrated gas David Baldwin.
“APLNG achieved a number of significant milestones in early October including production of the first cargo from Train 2 and successful completion of the 120-day Train 1 operational lenders test, with all requirements met or exceeded. Completion of this test represents a major achievement in satisfying the project financing completion agreement for Train 1.”
Baldwin noted that 19 cargoes were shipped from the APLNG facility during the quarter, with a total of 53 cargoes shipped to date.
Meanwhile, first gas was also achieved at Origin’s Halladale and Speculant fields, as well as at Waitsia, in the Perth basin.
Edited by: Creamer Media Reporter
EMAIL THIS ARTICLE SAVE THIS ARTICLE
To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here
