The Varanus Island Repair Project has reached a critical milestone with the recommencement of gas sales to the domestic market and associated condensate production.
The largest HJV gas train (Train 3) has now been reinstated and is now processing gas from the Wonnich field at a rate of around 70TJ/day, representing around 65% of daily HJV gas production prior to the pipeline incident.
The Varanus Island Repair Project is proceeding and remains within budget. Further gas and oil production will be phased in over the next few months.
Tap is also pleased to report that it has reached an agreement with its insurers to receive a second interim payment, bringing the total payments received for business interruption for the period to the end of September to A$9.3 million. The interim payments are subject to finalisation of the overall claim and represent a partial payment only for business interruption claims for the period.
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