Clough wins A$400M Bass Strait gas projectNews // May 13, 2002
"The BassGas project is a landmark contract for Clough that will contribute strongly to our order book for the next two to three years," Dr Brian Hewitt, Managing Director of Clough Limited said.
Work on the new BassGas contract is underway, with completion and first production due in the third quarter of 2004.
Clough has previously completed a number of contracts in Bass Strait, mainly for Esso Australia. The Yolla Field is located in Permit T/RL1, which is approximately 150km from the Australian mainland midway between Victoria and Tasmania, in 80m of water.
When completed, the BassGas project is expected to supply around 10 per cent of Victoria's natural gas needs for the next 15 years. Its life could be extended via the connection of other gas reserves to the BassGas infrastructure. The facilities to be constructed under Clough's contract will have a design life of 25 years. Market demand for gas in south-eastern Australia is forecast to double over the next 20 years, principally driven by growth in electricity generation.
Besides an estimated 256 PJ of sales gas, the Yolla Field has estimated recoverable hydrocarbon reserves of 14 million barrels of condensate (light oil) and 1 million tonnes of LPG, which also will be extracted and sold into the Victorian market.
The scope of Clough's contract includes work for both its offshore and hydrocarbon facilities divisions.