The BMG Wells decommissioning process is approximately 80% complete, with an average job duration of 48 hours. It is expected to be finalized in the second half of May. Let’s put this phase behind us! It appears they are managing admirably despite a few external challenges. Cooper Energy’s 25% stake in oil production in the Cooper Basin proves advantageous at this juncture.
Regarding the PEP 169 farm-in, I couldn’t agree more.
The interpretation of the Dombey 3D seismic data for the Otway Basin Offshore/Onshore project, along with any new developments connectable to Cooper Energy’s existing gas processing infrastructure at AGP—boasting a total capacity of ~150 TJ/d (100% gross)—is promising. The remaining issues seem to be routine, with the key emphasis on swift rectification and the implementation of new procedures to manage costs and minimize downtime.
The BMG Wells decommissioning process is approximately 80%...
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