Mereenie Plant Update
Brisbane, Mar 21, 2018 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) (CPTLF:OTCMKTS) ("Company" or "Central") advises that it has awarded contracts for two critical components of the Mereenie Plant Upgrade.
The first contract for the new field compressor provides for it to be delivered to site by early October in sufficient time to be installed and commissioned by 1 December 2018, the anticipated date on which the Northern Gas Pipeline should be operational.
A second contract is for the restaging of two existing compressors presently at site. The first of the two compressors is due to be re-staged and commissioned by mid-November, with the second by late November.
All-in-all the critical long lead items of the separators and these two contracts have now been let to enable the joint venture to achieve its 1 December 2018 target date.
About Central Petroleum Limited
Central Petroleum Limited (
ASX:CTP) is an established ASX-listed Australian oil and gas producer (ASX:CTP) with exploration and appraisal permits in the Northern Territory (NT). Central has grown to become the largest onshore gas operator in the NT, supplying residential and industrial customers in the NT and wider Australian east coast market.
Central is seeking to become a major domestic energy supplier, in addition to helium and naturally occurring hydrogen, with exploration, appraisal and development plans across 169,112 km2 of tenements the NT, including some of Australia's largest known onshore conventional gas prospects in the Amadeus Basin.
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