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APLNG drives Origin quarter

31st October 2016

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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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

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