Nexus Identifies Fault at Longtom Offshore System (Australia)

Nexus Identifies Fault at Longtom Offshore System

Nexus Energy Limited (Nexus) advises that the vessel to inspect and potentially rectify the electrical fault that caused the suspension of Longtom offshore gas field production announced on 6 June 2012 arrived on site on 20 June 2012.

Initial inspections have successfully identified the fault to be contained within a specific section of the offshore system. This has enabled an engineering solution to be developed with implementation and associated production expected by month end.

Given the mobilization of the specialized vessel, the opportunity is being taken to expand the inspection program to include additional sections of the offshore system. Nexus will provide a further update once the solution has been implemented and production recommenced.

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Source: Nexus, June 22, 2012