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AUSTRALIA'S ORIGIN WARNS OF DELAYS TO ITS KUPE GAS PROJECT.
PERTH, Feb 1 Asia Pulse - Energy company Origin Energy Resources Ltd (ASX:ORG) Tuesday warned of possible delays to its developing Kupe gas project, offshore New Zealand.
The company, which owns half of the project, said the decision to invest in the project may not occur by the end of the first quarter as previously advised.
But said it was expected in the first half of 2006.
Once the $NZ800 million ($A729.29 million) project is approved commercial gas and liquids production will start in 2008, Origin said.
Origin awarded key drilling contracts for the project today and is now evaluating bids for the onshore component, including construction of the production station and associated pipelines.
"The award of the drilling contract is a key project milestone," Origin executive general manager for major development, Andrew Stock.
Also today Origin posted steady production in the final quarter of 2005, but recorded a slight decline in total revenues.
- Technip Awarded Contract for the Kupe Gas Project in New Zealand.
- Press release article from: Business Wire September 8, 2006 700+ words
...Limited ("Origin") for the overall development of the Kupe Gas Project. The development is located in the Taranaki Basin...of New Zealand. Origin is acting as operator of the Kupe Gas Development on behalf of the joint venture formed with...
- (AEORG) Origin Energy: Kupe gas project update; costs blow out.
- News wire article from: Asia Africa Intelligence Wire October 27, 2005 700+ words
(From RWE) Sydney - Thursday - October 27: (RWE Australian Business News) - Origin Energy Ltd (ASX code: ORG) reports the Kupe Joint Venture today announced all onshore regulatory approvals for the proposed Kupe development had been granted by the Taranaki Regional Council and the South Taranaki
- Origin buys NZ Kupe gas field stake.(Asia-Pacific)(Origin Energy)
- Newspaper article from: Weekly Petroleum Argus February 9, 2004 700+ words
Australia's Origin Energy has bought a 50pc stake in New Zealand's Kupe gas field for NZ$33mn ($22.5mn) from local utility Genesis Power. Origin will take over as operator of Kupe, which contains...
- Aussies eye stake in Kupe gas.
- News wire article from: Asia Africa Intelligence Wire December 1, 2003 700+ words
(From The Dominion Post) Byline: STEEMAN Marta TWO Australian companies are considered the frontrunners to develop the Kupe gas field in Taranaki, crucial to New Zealand's electricity needs. Origin Energy and Santos, middle-sized oil and gas production...
- HIGH OIL PRICES BOOST YR NET PROFIT OF AUSTRALIA'S ORIGIN ENERGY.
- News wire article from: AsiaPulse News August 30, 2005 700+ words
...was the start up of the Spring Gully coal seam gas project in Queensland, on budget and on schedule. Increasing...long-term growth would be driven by the Otway Gas Project, the Kupe Gas Project in New Zealand and the development of further opportunities...
- AUSTRALIA'S ORIGIN ENERGY DELIVERS RECORD PRODUCTION, SALES.
- News wire article from: AsiaPulse News July 31, 2008 700+ words
...expect growing coal seam gas production, a full year contribution from the Otway gas project and, in the 2010 financial year, commencement of the Kupe Gas project," Origin managing director Grant King said in a statement. Shares in Origin dropped...
- (AEORG) Origin Energy net profit up 27pc to $205m; final 7c (5c).
- News wire article from: Asia Africa Intelligence Wire August 17, 2004 700+ words
...efficiencies that will reduce the cost to serve customers," he added. "The Otway Gas Project, contracts for coal seam gas with AGL and QAL and the Kupe Gas Project in New Zealand will drive growth in the longer term. "As a result of these factors...
- PROFIT TAKERS SAVAGE SHARES IN AUSTRALIA'S ORIGIN ENERGY.
- News wire article from: Asia Africa Intelligence Wire August 17, 2004 700+ words
...04, particularly in Victoria where it has 65 per cent of its custom. The Otway Gas Project, contracts for coal seam gas with AGL and QAL and the Kupe Gas Project in New Zealand would provide growth in the longer-term. The supply contract with...
- BRIEFING - ASIA ENERGY - FEB 1, 2006.
- News wire article from: AsiaPulse News February 1, 2006 700+ words
...quarter. AUSTRALIA'S ORIGIN WARNS OF DELAYS TO ITS KUPE GAS PROJECT PERTH - Energy company Origin Energy Resources Ltd...Tuesday warned of possible delays to its developing Kupe gas project, offshore New Zealand. The company, which owns half...
- Australian firms post mixed LPG results.(Asia-Pacific)(Financial report)
- Newspaper article from: LPG World September 3, 2008 700+ words
...boost its LPG output further with the start of the Kupe gas project in the Taranaki basin off the west coast of the New...000 t/yr of LPG. Origin's partner in the Otway gas project is Woodside Petroleum, Australia's largest LNG...
Source: HighBeam Research, AUSTRALIA'S ORIGIN WARNS OF DELAYS TO ITS KUPE GAS PROJECT.