Killajoules

Origin completes sale of TAWN assets
Origin Energy Limited (Origin) today announced the formal completion of the divestment of its Tariki, Ahuroa, Waihapa and Ngaere (TAWN) licences, as well as the Waihapa Production Station and associated gathering and sales infrastructure in New Zealand, to New Zealand Energy Corp (NZEC). In a related transaction, NZEC transferred the Ahuroa licence to Contact Energy.

GLNG and Australia Pacific LNG sign upstream cooperation deal
Two of Australia’s leading LNG projects today signed gas swap and infrastructure connection agreements that provide flexibility and allow both proponents to realise capital and operational efficiencies.

Production commences from Otway Gas Project's Geographe field
Origin Energy Limited (Origin), on behalf of the VIC/L23 Joint Venture, today announced the commencement of production from Otway Gas Project's newly developed Geographe gas field in Bass Strait following commissioning and testing.

QGC completes Australia’s longest underwater ‘pipe pull’
Engineers have completed a world-class engineering achievement in simultaneously laying two, 1m-diameter gas pipelines across Gladstone Harbour.

Origin announces US$300 million agreement to sell future oil and condensate production
Origin Energy Limited (Origin) today announced it had entered an agreement to sell a portion of its future oil and condensate production at a price linked to the current oil forward pricing curve.

Update on Australia Pacific LNG’s US$8.5 billion project finance facility
Australia Pacific LNG today confirmed that all conditions precedent have been satisfied for its US$8.5 billion project finance facility, which will support the development of the Australia Pacific LNG coal seam gas (CSG) to liquefied natural gas (LNG) project in Queensland.

Yolla platform returns to production
Origin Energy Limited (Origin), as Operator of the BassGas Joint Venture, today confirmed that the Yolla offshore platform has returned to free flow production mode, onshore operations at Lang Lang have restarted and BassGas has recommenced supplying gas to south east Australia.

Mbawa-1 Drilling Update
Tullow Oil plc (Tullow) announces that the Mbawa-1 exploration well in the L8 licence area, offshore Kenya, has encountered gas in the shallowest objective.

Drilling commences in offshore Kenya
Origin Energy advises that L-8 operator Apache Corporation has, on behalf of the joint venture, commenced drilling the Mbawa Prospect in Kenya. The Mbawa 1 exploration well spudded at 6:00 hours local time on 10 August 2012.

Australia Pacific LNG completes additional Subscription Agreement with Sinopec
Origin Energy Limited (Origin) advises that the Subscription Agreement facilitating the acquisition by Sinopec Group (Sinopec) of an additional 10 per cent shareholding in Australia Pacific LNG Pty Ltd (Australia Pacific LNG) has completed.