1 June 2004
Asia and Australasia
Australia The partners in the Otway Gas Project have approved development of the A$1.1bn ($0.794bn) Thylacine and Geographe gasfields, offshore Victoria. The project involves initial expenditure of A$0.81bn on the Thylacine field in Tasmanian permit T/30P. Construction, which is expected to start in October 2004, with first gas in mid-2006, will involve a remotely operated platform, offshore and onshore pipelines, and a new gas-processing plant to be built near the Iona gas plant, Port Campbell. The Geographe field, in Victorian permit Vic/P43, will be connected to the main offshore pipeline in a later development. The two fields are expected to yield 0.95 trillion cf of raw gas, 885 petajou
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