en.Wedoany.com Reported - Australian gas producer Amplitude Energy (formerly Cooper Energy) has secured a production license for an undeveloped gas accumulation in the Otway Basin, offshore Victoria.

The approved VIC/L37 license covers the Annie gas field, discovered in 2019. This allows the company to commence field development activities, with first gas production targeted for 2028.

The company noted, "Timely approvals and regulatory certainty remain critical for oil and gas projects, given the long investment cycles. All gas produced from Annie is expected to supply Australian consumers in the East Coast domestic market."

The Australian firm holds an extensive exploration and development portfolio in the Otway and Gippsland basins, including undeveloped discovered resources such as the Annie and Manta gas fields, which are located near its existing infrastructure.

The Otway offshore gas fields and facilities are located approximately 30 kilometers from the Port Campbell shoreline, in water depths of 60 to 70 meters. Gas production commenced in 2006 from the Casino field, with subsequent phases connecting additional fields to the Casino, Henry, Netherby pipeline system to serve the domestic market.

The Annie production license approval comes months after Amplitude announced preliminary drilling data from the Elanora-1 exploration well, where the primary target Waarre A reservoir did not exhibit anomalously high gas readings.

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