Triangle Energy’s Cliff Head joint venture exports second oil load-out through Port of Geraldton
The AB Paloma chartered tanker, laden with roughly 51,000 barrels of oil on board, has departed for the Thailand refinery.
Trucks loading the AB Paloma at Geraldton Port
Triangle Energy (Global) Ltd and Pilot Energy (ASX:PGY) Ltd’s Cliff Head Joint Venture (CHJV) has shipped about 51,000 barrels of oil to a refinery in Thailand, where the oil will be sold.
The shipment, CHJV’s second, was loaded from its storage tanks at the Arrowsmith Stabilisation Plant (ASP) facility onto a chartered tanker, the AB Paloma, at the Port of Geraldton between August 12 and August 15.
Viable export route
The successful shipment demonstrates a viable export route for both the Cliff Head Oil Field and other Perth Basin producers.
Triangle Energy managing director Conrad Todd said: “This continues the exciting progress and management of the Cliff Head Joint Venture.
“The completion of the second export run for Cliff Head oil through the Port of Geraldton and the departure of the tanker to a refinery in Thailand ensures that we will continue exporting and selling the oil produced from the Cliff Head Oil Field for the foreseeable future as we progress plans on the future utilisation of the Cliff Head facilities.”
Future development
Triangle Energy and Pilot Energy (ASX:PGY) are currently finalising working arrangements and joint venture alignments for the future development of Cliff Head.
The focus is on the development of a carbon capture and storage operation to service third parties, which the JV partners hope will significantly extend the working life of the CHJV facilities.
