Project Profile
Value: US$200 million
Location: VIC/P44 permit, 250km south-west of Melbourne, Otway Basin, Australia
Start-up Year: March 2006
Reserves: 290 billion ft³ of dry natural gas
Water depth: 70 m
The Casino field was discovered in 2002 by the Casino 1 exploration well and contains estimated recoverable reserves of 290 billion ft³ of dry natural gas. The field lies in the VIC/P44 permit, 250km south-west of Melbourne in 70m of water. The Casino-Henry field is located in the Otway Basin, south of Port Campbell, Victoria.
The US$200 million development is operated by Santos (50%) on behalf of AWE (25%) and Mitsui (25%). Full production began in February 2006, and at year end 2007 it was producing at 96 terajoules per day and 96 barrels of condensate per day.
At the moment, the field has two production wells completed with subsea wellheads and will produce through 38km of 12in pipeline to the shore. The pipeline crosses the shore via a directionally drilled crossing under the beach and then moves to the Iona gas processing plant a further 12km inland. Production commenced in the first quarter of 2006.
Operators:
Cooper Energy: Operator with 50% interest
Australian Worldwide Exploration Pty Ltd (AWE): 25% interest
Mitsui E&P Australia Pty Ltd: 25% interest