The additional gas sales, which will be completed during the remainder of this year, are in addition to the JV’s existing 420PJ gas contract with TRUenergy.
Under the initial 12-year contract, gas from the field will be transported from the subsea wellheads through a sea-floor pipeline that comes ashore via a directionally-drilled underground shore crossing, for processing at TRUenergy’s Iona gas plant.
Casino, which started producing into the Victorian gas market last month, was recognised as the fastest gas-to-market project in the state’s history, due to the early signing of an initial sales agreement with Santos and AWE in September 2003.
Participants in VIC P/44 are Santos, which is the operator with a 50% stake, Peedamullah Petroleum, a wholly owned subsidiary of AWE that owns 25%, and Mittwell Energy Resources, a wholly owned subsidiary of Mitsui that holds the remaining stake.
