AWE says final testing of offshore Australia BassGas facilities to begin this week

10/1/2012

AWE says final testing of offshore Australia BassGas facilities to begin this week

BY ROBB M STEWART

MELBOURNE -- AWE said that final testing of BassGas facilities in the Bass Strait between mainland Australia and Tasmania is expected to begin this week, subject to weather conditions that have been delaying operations.

Hydrocarbons will be introduced to the Yolla A platform part of the BassGas project once testing was successfully completed, it said in a statement to the Australian securities exchange.

According to venture partner Origin Energy, Lloyd's Register Asia has completed an independent validation of the installation, commissioning and testing of the accommodation module and associated safety facilities on the Yolla A platform, AWE said.

Origin Energy is the operator of the BassGas project with a 42.5% stake, while AWE has a 46.25% interest and Toyota Tsusho Gas E&P Trefoil has 11.25%.

Development of BassGas started in 2001 and it began producing gas in 2007. A mid-life "enhancement" project was launched last year, including the installation of accommodation and other features at the Yolla platform and the drilling of a further two production wells.

Dow Jones Newswires

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