Creative steps to bring new gas supply to the south-east Australian domestic gas market: the Sole Gas Project after 42 years
Eddy GlavasCooper Energy, Level 8, 70 Franklin Street, Adelaide, SA 5000, Australia. Email: eddy.glavas@cooperenergy.com.au
The APPEA Journal 60(2) 450-454 https://doi.org/10.1071/AJ19057
Accepted: 16 March 2020 Published: 15 May 2020
Abstract
The Sole Gas Project is a new offshore project delivering gas to south-east Australian domestic gas customers, and the first new offshore development introduced into a tight market since the three Gladstone liquefied natural gas projects have been in full production. During an overall industry downturn (~2015) an opportunity presented itself. The Sole Gas Project was always technically robust since the first development plan was assessed and selected but required a market signal for it to be commercialised and funded. As the foundation target in its burgeoning domestic gas strategy, Cooper Energy acquired the Sole gas field (VIC/L32) and the Orbost Gas Plant in two stages and pursued creative steps to combine focused subsurface and engineering techniques, a drilling campaign, partners, funding, gas marketing, regulators and community to deliver new gas supply without a single offshore lost-time injury or incident.
Keywords: funding, gas commercialisation, gas marketing, gas sales agreements, gas supply, Manta gas field, Orbost Gas Plant, procurement, Sole gas field.
Eddy Glavas is the General Manager of Commercial and Development at Cooper Energy, an S&P/ASX 200 (ASX:COE)-listed energy company that generates revenue from the discovery, commercialisation and sale of gas to south-east Australia and low-cost Cooper Basin oil production. Since joining Cooper Energy in 2015, Eddy has been the General Manager for gas marketing, portfolio and planning, commercial and business development functions. From January 2020, Eddy is also the General Manager for the development activities of Cooper Energy, delivering selected projects from opportunity to final investment decision. Eddy has a Bachelors Degree in Accountancy, is a member of CPA Australia and has an MBA specialising in Strategy and Planning. Eddy has 18 years of oil and gas industry experience, with 12 years before Cooper Energy at Santos Limited in corporate development, commercial, finance, portfolio management and strategy roles. |
