REFINE ENERGY TO OPERATE PL280 & PL18

REFINE ENERGY TO OPERATE PL280 & PL18

27th February 2019

Refine Energy is pleased to announce that it has entered into a Operations and Maintenance contract with Chelsea Oil & Gas and Brisbane Petroleum. The contract will involve Refine Energy restarting production from assets PL280 & PL18 in the Surat basin. These existing fields consist of a number of suspended oil producing wells with associated gas and water handling infrastructure.

Production has been shut in since 2010. Preliminary well integrity and civils works will begin in July 2019 prior to the wells being brought safely online. The objective being to revalidate the integrity and compliance of the asset ahead of restarting production within 3 months.

Production revitalisation will be supported by Refine Energy’s operations team and well intervention activities will be undertaken by the company’s heavy work- over rig.

The operating model for Refine Energy is to be compliant and at a low cost using the latest in recovery technology balanced with proven existing infrastructure to balance cost with revenue.

 

Refine Energy CEO, Adam Stepanoff was quoted as saying, ”We are looking forward to implementing low cost, compliant operating model into the Queensland market, these assets increase our current O&M portfolio and are our first East Coast assets”.

For further information, please contact Refine Energy at www.refineenergy.com.au