Origin Energy Resources (Origin) as Operator of the BassGas Joint Venture advises that production is currently reduced to around one-third of normal levels due to the Yolla-4 well being shut in following the automatic hydraulic closure of a sub-surface valve.
Origin is currently investigating options for the rectification of this issue and expects production to return to normal operating levels by the end of December 2008. A similar issue with the Yolla-3 well was successfully resolved in January 2008.
A further update will be provided once production rates return to normal.
Project participants are:
Origin Energy Resources Limited1 37.5% (Operator)
Origin Energy Northwest Limited1 5.0%
AWE Petroleum Pty Ltd2 30.0%
ARC (BassGas) Pty Ltd2 12.5%
CalEnergy Gas(Australia) Limited 15.0%
Tags:
Origin Energy
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