Australian gas sales agreement
O-I has signed a gas supply agreement with Cooper Energy in Australia for the supply of one PJ per annum for two years. The gas is to be supplied from Cooper Energy’s equity share of production from its offshore Casino Henry operations in southern Australia, the agreement including an option for an extension of a further three years.
The contract is Cooper Energy’s third gas sales agreement with O-I, who committed to the inaugural agreement for the Sole Gas Project (a life of field agreement for one PJ per annum) in 2015 and previously contracted gas supply from Casino Henry for the 2019 calendar year.
“O-I wase our first gas customer and we are delighted at the opportunity this contract has presented to deepen our commercial relationship” commented Cooper Energy Managing Director David Maxwell. “It is also the first agreement for supply in 2021 from our offshore Otway operations, where we are investing to build our gas business further.”