Abstract:AGL acquired the Silver Springs reserves and operations from Mosaic Oil in 2010, including several depleted yet condensate-rich gas fields. Gas was sent from Silver Springs to the Wallumbilla LPG plant (acquired by AGL in 2011) to be refined into sales gas, LPG and condensate. AGL’s objective was to build a commercial underground gas storage facility by converting the Silver Springs gas field into an underground storage reservoir. The business intent was to run the reservoir in alternating injection and withdr… Show more
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