Australia: INPEX Makes Coniston Oil Field FID. Production in 4Q 2013

A Japanese oil company INPEX CORPORATION (“INPEX”) announced today that it has made the final investment decision on the Coniston oil field. Coniston is located in the Coniston Unit (the “Unit”), which is the unitization area of parts of WA-35-L (excluding the Van Gogh Defined Area) and WA-44-R located offshore Western Australia.

Oil production from the Coniston development is anticipated to start in the fourth quarter of 2013.

The participating interests will be held by INPEX Alpha, Ltd (47.499%) and Apache, the operator of the Unit (52.501%).

The Unit is located 6km north of the Van Gogh field, where Apache and INPEX Alpha, Ltd. have been producing oil since February 2010, and located 15km northwest of the Ravensworth field, where Apache and INPEX Alpha, Ltd. have also been producing oil since September 2010 through the Pyrenees development. Oil from the Unit will be produced through subsea completion wells and processed and stored on the Van Gogh field floating production, storage and offloading (FPSO) vessel . The average rate during the first year from the Unit is projected to be approximately 21,500 barrels of oil per day.

In addition to the Unit, INPEX has been carrying out exploration, development and production activities in Australia including the large-scale Ichthys Project, Van Gogh and Ravensworth crude oil production projects. INPEX will further endeavor to explore for and develop oil and gas resources in Australia.

Offshore Energy Today Staff, December 26, 2011

 

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply