Origin Energy Commences Gas Production at Geographe Field

Origin Energy Limited (Origin), on behalf of the VIC/L23 Joint Venture, announced the commencement of production from Otway Gas Project's newly developed Geographe gas field in Bass Strait, Australia following commissioning and testing.

Otway Gas Project consists of two offshore gas fields, Geographe and Thylacine, and an onshore gas processing facility near Port Campbell in south-west Victoria.

Development of the Geographe gas field, which commenced following Joint Venture approval in October 2011, comprised development well drilling and installing subsea facilities to connect Geographe to Otway Gas Project's existing subsea pipeline. In addition, the project's onshore facility, Otway Gas Plant, was upgraded to accommodate a 50 percent increase in its liquefied petroleum gas (LPG) storage capacity.

Origin CEO Upstream, Paul Zealand said, "Since 2007, Otway Gas Project has played an important role in meeting southern Australia's demand for natural gas, LPG and condensate.

"The development of Geographe enables gas production to Otway Gas Plant to be maintained, thereby ensuring the project continues to make a major contribution to Victoria's energy security. Production from Otway Gas Plant is equivalent to 22 percent of Victoria's domestic gas demand.

"The commencement of production from Geographe also supports Origin's other energy investments in the region including the State's largest gas-fired power station at Mortlake as well as our position as one of Victoria's largest energy retailers," Zealand said.

The Geographe gas field is located in Victorian coastal waters 34.2 miles (55 kilometers) south of Port Campbell and 9.3 miles (15 kilometers) north of the Thylacine offshore platform.

VIC/L23 Participating Interests:

Origin Energy Resources Ltd* - Operator (67.23 percent)
Benaris International Pty Ltd - (27.77 percent)
Toyota Tsusho Gas E&P Otway Limited - (5.0 percent)

*a wholly owned subsidiary of Origin Energy Limited


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