Origin Eyes Kupe Start Up in Fourth Quarter
Origin, on behalf of the Kupe Joint Venture, has announced an updated schedule whereby it expects to bring the first raw gas from the Kupe field ashore, effectively commencing production, in the Fourth Quarter Calendar Year 2009.
Origin's Executive General Manager, Major Development Projects, Andrew Stock, said, "Construction of the offshore facilities wells, wellhead platform, pipeline and controls umbilical is complete, and the overall project including the Production Station near Hawera is nearing completion with testing and pre-commissioning occurring later than planned.
"Capital costs for the Kupe project remain in line with previous expectations.
"Some of the facilities are already active as part of the current pre-commissioning and the balance of facilities are being progressively readied and commissioned during coming months.
"The Kupe Gas project will make a significant contribution to securing New Zealand’s gas supply needs during the next 15-20 years.
"Kupe will meet approximately 15 percent of New Zealand's current annual gas demand and 50 percent of New Zealand's LPG demand. The project will provide in the order of 254 petajoules of natural gas, as well as 1.1 million tonnes of LPG and 14.7 million barrels of condensate.
"New Zealand and Taranaki are delivering a world class project that will provide an enduring benefit for the region," Stock concluded.
Kupe Gas Project participants are:
- Origin Energy Resources (Kupe) Limited; 50 percent (Operator)
- Genesis Energy; 31 percent
- New Zealand Oil & Gas Limited; 15 percent
- Mitsui E&P Australia Pty Ltd.; 4 percent
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- UK Oil Regulator Publishes New Emissions Reduction Plan
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- PetroChina Posts Higher Annual Profit on Higher Production
- McDermott Settles Reficar Dispute
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension