Magellan signs long-term gas supply deal for Dingo field

Magellan Petroleum Corp. has signed a deal with Northern Territory Power & Water Corp. for long-term supply of gas from Dingo field in the Amadeus basin in central Australia.

The 20-year contract ensures the supply of as much as 30 bcf of gas to NTPWC on a take-or-pay basis.

Gas will begin to flow in early 2015 at a fixed but undisclosed price, which will escalate with the Australian consumer price index.

Magellan will soon begin design, construction, and commissioning of the surface facilities at Dingo as well as a tie-in pipeline to the main central Australian trunk line from Alice Springs to Darwin.

Currently the work is in front-end engineering and design stage.

Dingo was discovered in 1981 about 60 km south of Alice Springs and southeast of the larger Palm Valley gas field. Reserves were fixed during a four-well exploration-appraisal program during the 1980s and 1990s, but with no customer demand till now the field has lain dormant.

Magellan will produce gas from three of the four wells.

Related Articles

GET OFF ENVIRONMENTAL SIDELINES

01/01/1990 The petroleum industry's political challenge for the 1990s is to get back into the environmental debate. It won't be easy. But industry h...

SHELL HOMES IN ON TROLL FIELD DEVELOPMENT

01/08/1990 Norske Shell will recommend to partners that Troll gas field in the Norwegian North Sea be developed using multiphase flow pipelines and onshore pr...

WASHINGTON TO DETERMINE OCS LEASE SALE SCHEDULE

01/08/1990 Patrick Crow Washington Editor The U.S. government will make critical decisions on the future of Outer Continental Shelf leasing this year. And it ...

SANTOS TESTS QUEENSLAND OIL DISCOVERY

01/08/1990 A Santos Ltd. partnership plans to begin producing a Southwest Queensland oil discovery in February. The 1 Bowen, drilled on the Naccowlah block of...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected