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.