Page 13 - AsianOil Week 12 2022

AsianOil NEWS IN BRIEF AsianOil

took the EPCI capacity of offshore oil and gas execution of a binding gas supply agreement. conditions precedent which include execution
project to an advanced level in Asia. Iro was attracted to Comet Ridge as a of upstream transportation and processing
COOEC, March 23, 2022 gas supply partner given the development agreements. Vintage Managing Director, Neil
timeframe for the Mahalo Gas Hub coincides Gibbins, said the signing of the GSA was a
with Iro’s development plans for its biofuel milestone for the company.
OCEANIA project and the close proximity of Mahalo to “Vintage now has the GSA, finance and
the Queensland Gas Pipeline (the proposed reserves in place to commence revenue
Comet Ridge signs MoU delivery point for supply of gas under the generation in the near future. We are intent
on completing the supporting agreements and
MoU).
for gas supply to a green COMET RIDGE, March 23, 2022 field work to enable gas flows to commence by
our mid-year target time. We will be pleased
biofuel project Vintage signs maiden gas to become a supplier of gas to the eastern
Australia domestic energy market at a time
Comet Ridge is pleased to announce it has sales agreement when new sources of gas supply are being
signed a memorandum of understanding keenly sought.”
(MoU) for the supply of gas to be used as Vintage Energy, 50% interest holder and VINTAGE ENERGY, March 23, 2022
feedstock for a proposed biofuel production operator of ATP 2021 (other interest holders:
facility near Gladstone. Metgasco, 25%; and Bridgeport (Cooper Woodside Energy awards
The biofuel project, being developed by Iro Basin), 25%) announces the signing of a gas
Resources, plans to produce up to 1bn litres sales agreement (GSA) by the ATP 2021 joint DOF Subsea Enfield XT
per annum of lower carbon transport fuels to venture parties (JV) and AGL Wholesale Gas
be synthesised from both sugar cane fibre and for the sale of gas produced from the Vali retrieval and offshore
hydrogen extracted from gas, part of which field from start-up (expected mid-CY2022)
is planned to be supplied from Comet Ridge’s through to the end of CY2026. support services contract
Mahalo Gas Hub. The terms of the GSA reflect the heads
Iro is working towards becoming of agreement between the JV and AGL DOF Subsea Australia is pleased to announce
Australia’s first commercial scale producer announced December 6, 2021, following a it has been awarded Woodside Energy
and supplier of ultra-clean renewable fuels competitive process. Commencement of the Limited’s Enfield XT retrieval and offshore
that will provide a transitionary pathway to GSA is subject to fulfilment of conditions support services.
a net-zero future. Iro’s friendlier fuels are precedent. The campaign execution will involve
proposed to be manufactured for supply to Production from the Vali gas field, the recovery of 18 subsea XTrees, 18
Australian aviation and mining industries discovered in 2020, is expected to commence flowbases and associated spool sections,
using the proven Fischer-Tropsch process following completion of the field’s three wells one wellhead severance and recovery of up
technology and offer an estimated 50% and connection to the nearby Moomba gas to 18 Temporary Guide Bases at the Enfield
reduction in greenhouse emissions compared gathering network. Field, Australia. The contract includes project
to conventional fuels. Gas produced during the production management, engineering, fabrication, and
Comet Ridge Managing Director, Tor appraisal is to be sold to AGL on a mix of firm decommissioning services and is expected to
McCaul said “Comet Ridge is focused and variable pricing at market rates. Under be undertaken in Q3 and Q4 2022, using DOF
on developing its significant Mahalo Gas the terms of the GSA, the JV will receive Subsea’s MPSV Skandi Hercules.
Hub reserves and resources for supply to pre-payments totalling AUD15mn in three Mons Aase, CEO DOF Subsea, said: “This
local industries and also for export to Asia. equal tranches from AGL on achievement of is a substantial contract award. It builds on
Iro’s Biofuel Project represents an exciting milestones as the project moves to first gas. successful campaigns delivered in the past for
opportunity for Comet Ridge to supply gas These funds are to be applied specifically to our client and grows our decommissioning
to a local manufacturer for the benefit of the funding the work program to take Vali to track-record in the APAC region. We look
environment and local communities.” first gas. Vintage is fully funded for capital forward to working with Woodside Energy
The MOU is targeting supply of up to 5.5 expenditure at Vali through to first cash flow. Limited to deliver a safe and efficient project.”
petajoules of gas per annum from the first The first pre-payment is to be made on DOF SUBSEA, March 23, 2022
half of 2025 for a ten-year period, subject to signing of the GSA and satisfaction of its

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