Origin Energy brings Halladale, Speculant fields on stream
Australian energy firm Origin Energy has said that the production from its Halladale and Speculant offshore fields has come on stream.
The Origin-operated Halladale/Speculant project, located in the Otway Basin, is expected to boost production at the Otway Gas Plant by up to 80TJ/day and drive growth in underlying EBITDA from FY2017 onwards, Origin said.
“Gas has a growing role both as a lower emissions replacement for coal and providing reliability to support growth in renewables and the Halladale/Speculant project will support that growing demand,” Origin Integrated Gas CEO David Baldwin said.
Delivered in two parts, the Halladale/Speculant project involved drilling from a land base (30-kilometres east of Warrnambool) to access offshore reservoirs locations five kilometres off the coast in the Otway Basin.
Also, the project called for the construction of the new 33-kilometer Halladale/Speculant pipeline, connecting the well site to the Otway Gas Plant.
“Our strategy is connecting resources to markets and we are delighted that Halladale/Speculant will contribute to domestic gas supply and support the growth in
renewables,” Baldwin said.