
TY  - JOUR
A1  - McDonough, R.C.M. 
T1  - ECONOMICS OF GAS FIELD DEVELOPMENTS IN THE COOPER BASIN AFTER 1999
JF  - The APPEA Journal
JO  - The APPEA Journal
Y1  - 1997
VL  - 37
IS  - 1
SP  - 600
EP  - 606
KW  - 
UR  - https://doi.org/10.1071/AJ96040 
N2  - In February 1999 all Cooper Basin exploration acreage in South Australia, which has been under licence since 1954, will be relinquished and therefore become available to new explorers. To assist new explorers in evaluating exploration opportunities, Mines and Energy South Australia (MESA) has developed feasibility level costs for gas field developments which are independent of existing infrastructure owned by the Cooper Basin Joint Venturers. Alternatively, new producers may be able to negotiate access to existing facilities. MESA has developed estimated tolls based on pricing principles which imitate a competitive market. Tolls in this instance should lie between the operating cost of the facility as a minimum and the deprival value cost as a maximum.The study shows that if access to existing facilities is negotiated on a deprival value cost, fields with as little as 5 BCF (141 Mm3) recoverable raw gas are economic. However, if field development is totally independent of existing facilities, the minimum economic field size exceeds 35 BCF (987 Mm3) recoverable raw gas (assuming flaring of LPG is not permitted).MESA conducted this study based on data available in the public and commercial arenas. This demonstrates that it is possible for any company to develop their own data for development and negotiation purposes. 
ER  -

