APA now own this plant, formerly Patricia Baleen Gas Plant, at Orbost after paying Cooper Energy $20 million for it after Santos sold its offshore Vic. gas assets to Cooper.
From the APA website,
Australian Pipeline Trust
Results for announcement to the market
For the half year ended 31 December 2017
...
7
Capital and Investment Expenditure
Committed capital expenditure by APA is at unprecedented levels for FY2018 and FY2019
as the company continues to grow its asset footprint and energy expertise.
The $1.2 plus billion of committed capex projects that were announced during FY2017 and FY2018 are all under way and well progressed, with all projects either, on or ahead of schedule and budget. A number of smaller projects are also underway and will add further revenues as
they are commissioned late in FY2018 and beyond.
Capital and investment expenditure for the period totalled $320.8 million (including stay-in business capital expenditure), and compares with $162.7 million spent in the previous
corresponding period. The 97.2% increase for the period signifies that APA’s largest capital
growth program to date, is well on track.
During the period, APA acquired the Orbost Gas Processing Plant in Victoria for $20 million.
APA will invest a further $250 million in recommissioning, refurbishing and updating the
facility underwritten by a multi-year gas processing agreement with Cooper Energy to
process gas from their Sole gas field. The asset provides scope to process gas from Cooper
Energy’s nearby Manta gas field, and other gas fields in the immediate vicinity.
...
and this recent Ann' below from COE:
COE ASX Announcement / Media Release
26 February 2018
Sole gas project update: pipeline shore crossing installed
Cooper Energy (ASX: COE) advises installation of the horizontally directional drilled (HDD) shore crossing of the gas pipeline from the Orbost Gas Processing Plant for the development of the Sole gas field was completed by the HDD contractor on Saturday 24 February.
As advised in the December quarter report the pipeline shore crossing was rescheduled due to unexpected ground conditions, which had prevented completion of previous attempts and required modifications to the work plan. The umbilical shore crossing was completed in December 2017.
The shore crossing element of the project will be completed in the next few weeks after final survey, testing and stabilisation on the seabed.
... and furthermore this below is from Cooper Energy's Quarterly today.
I've emboldened the parts relevant to APA Group.
COE
Quarterly Report for 3 months to 31 March 2018
30 April 2018
Managing Director’s comments
"Our third quarter results mean Cooper Energy is on track for production and project targets and positioned for what promises to be a momentous final quarter as we drill the production wells for the Sole gas project.
"Our workover of Casino-5 has lifted field productivity and we are expecting our gas production to increase in the June quarter.
The Sole Gas Project has been taken to 38% complete, within schedule and budget. The shore crossing has been completed, wellheads received and pipeline welding is underway."
"The spudding of Sole-3 in the coming days is a milestone for both the project and for south-east Australia as we drill and complete what will be the first offshore production well into an undeveloped gas field offshore Victoria in 6 years. We, together with our partners APA Group, remain focused on delivering the project safely, responsibly and within our cost and schedule targets"
Cooper Energy has contracted the semi-submersible drill rig Diamond Offshore Ocean Monarch to perform an offshore campaign comprising the workover of Casino-5, drilling of production wells for the Sole gas project and first phase abandonment of the BMG oil production facilities.
The first element of the campaign was finished subsequent to the end of the quarter with the completion of the Casino-5 workover on 25 April. The workover was performed successfully, as discussed in the Operations Review on page 6, albeit after a number of interruptions imposed by unusually heavy ocean conditions, which delayed completion.
The drilling rig Ocean Monarch arrived at the Sole-3 drilling location on 29 April to commence the second element of the program, comprising the drilling, completion and testing of Sole-3.
(20min delay)
