Project Profile
Value: US$247 million
Location: VIC/L22 permit, 10km from Port Campbell, Otway Basin, Australia
Start-up Year: March 2005
Production: 130-140 terajoules of sales gas per day (TJ/d), and 520-575 barrels per day (gross) of stabilised condensate
Water Depth: 60 m
Minerva is one of the Otway basin fields under development and came on stream in March 2005. The field is located in VIC/L22 permit, approximately 10km from Port Campbell in 60m of water. The development is operated by BHP Billiton (90%) on behalf of Santos (10%). It was discovered in 1993 by the Minerva 1 exploration well.
Up to year end for 2007, the field was producing at a rate of 130-140 terajoules of sales gas per day (TJ/d), and 520-575 barrels per day (gross) of stabilised condensate.
The US$247 million (AU$255 million) Minerva development consists of two subsea well completions producing through 10km of 10in pipeline to the shore. The pipeline crosses the shore via a directionally-drilled crossing under the beach and then moves to the gas processing plant a further 4.5km inland.
Operator:
Cooper Energy: 50% interest
AWE Limited: 25% interest
Mitsui E&P Australia: 25% interest