Operator Sydney Gas said the March sales result was about 5.5% higher than the previous record month in December last year.
“Gas production from the Camden Gas Project has been steadily increasing over the last 15 months,” Sydney Gas managing director Stephen Kwik said.
“As of March, the monthly production rate on an annualised basis was 4.4 petajoules (PJ) with Sydney Gas’ share being 2.2PJ.”
The Sydney Gas-AGL JV currently has a total of 67 stage two wells drilled at Camden, with 61 completed and 56 in production.
Average output per producing well increased last month to 194 gigajoules (GJ) per day compared to 189GJ per day reported in February.
Kwik said the company expected Camden to reach peak production of at least 14.5PJ within the next three years.
Meanwhile, the JV has started an “aggressive” exploration program to increase the reserve base at Camden, which it expects to complete by 2008. The $34 million program covers permit areas in the Hunter Valley and at Merriwa.
