Cooper Energy has signed a sales agreement with Alinta Energy for the supply of gas from the Sole gas field of up to 2 PJ per annum for a minimum of five year, with provision for a three year extension.
The agreement is conditional upon certain conditions precedent, including an affirmative final investment decision (FID) for Sole. Supply under the contract is planned to commence in 2019.
Cooper now has a total of 77 PJ under binding gas sales agreements, which is 64% of its 121 PJ equity share of the Sole 2C contingent resources of 241 PJ1 . On an annual basis, Cooper has contracted 9.6 PJ of its 12.5 PJ share of the first eight years’ production anticipated from the field.
The Alinta agreement is the third supply agreement announced in the past 14 months with the other sales agreements held with O-I Australia and AGL Energy.
Cooper holds 50% interest in the Sole gas field and the Orbost Gas Plant, with the balance being held by Santos. The Sole gas field is located in VIC/RL3, offshore Victoria approximately 62km from the Orbost gas plant, onshore Victoria.
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