Sales from WestSide’s Meridian SeamGas Field Rises

Gas sales in August from WestSide’s Meridian SeamGas CSG field have averaged 11.1 Terajoules a day (TJ/d) month to date, up 22 per cent from a low in May 2013.

All 10 Advanced Treatment wells are also now back on pump and five wells are producing gas at the same rate as they were when taken off line in November 2012 or better, the company said.

WestSide said that completion and commissioning of two new booster compressors in the field would further enhance gas production by reducing back pressure on several key wells.

“With these continuing improvements in stable, sustainable production and the commissioned external validation of the Meridian Field Development Plan, WestSide should be well placed to enter into new Gas Supply Agreements to capture higher gas prices forecast from 2015,” WestSide’s out-going Chief Executive Officer Julie Beeby said.

WestSide operates the Meridian SeamGas CSG fields west of Gladstone in Queensland’s Bowen Basin. The Meridian gas fields comprise a range of CSG assets including a petroleum lease, gas rights in mining leases and gas compression and pipeline infrastructure connected to Queensland’s commercial gas network. WestSide holds a 51% interest in the fields with Mitsui holding the remaining 49%.