It looks like Otway Gas Plant will start ramping
up production on 16 May 2023. The two new offshore Thylacine wells are ready to go. Currently, Otway Gas Plant is running at 50% of its rated capacity.
Which means this quarter’s production could be between 10% to 20% higher than last quarter. From 4.5 MMboe last quarter to between 5 MMboe to 5.5 MMboe.
Also, revenue will be a lot higher as Western Flank oil had an exit rate of 10,000 barrels per day at the end of last quarter. And less vessel oil lifting last quarter left a lot of oil in storage in Port Bonython.
Ann: FY23 Third Quarter Activities Report, page-120
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