Worldwide Energy News - Article
This article is extracted from International Oil Letter, Vol 23 issue 51, published 24 December 2007.
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ExxonMobil moves ahead with Kipper field development - Australia
With costs currently pegged at just over US$ 1 billion, the ExxonMobil-led joint has approved the development of the Kipper gas field in VIC/L25, Central Gippsland Trough, Gippsland Basin. The project will involve the installation of a number of subsea wells, tied back to existing infrastructure at the Longford onshore gas plant, which processes output from the Bass Strait fields owned by ExxonMobil and BHP Billiton's 50-50 Gippsland Basin joint venture. Construction of the first phase of the Kipper project is scheduled to begin in the second half of 2008 and is due onstream in the first half of 2011 at a rate of around 71 MMcf/d. Production is expected to double with the development of the second stage of the project in 2015. The Kipper field contains around 620 Bcf of recoverable gas and 30 MMb of condensate and LPG. The estimated life of the field is 15 years. Drilled in 1986, the Kipper 1 gas discovery intersected five reservoir intervals. It is located in 100m of water about 45km off the coast of Victoria.