AWE completes BassGas upgrade on time, in budget

The final phase of the mid-life enhancement (MLE) project works at offshore gas deposit BassGas, which includes the installation and commissioning of a compressor and condensate pumping unit at the Yolla-A platform, has been completed ahead of time and under budget, ASX-listed AWE said on Friday. The company, which holds a 35% interest in the Tasmania-based project, noted that this followed the drilling and completion of, and gas sales from, the final two development wells, Yolla-5 and Yolla-6, in 2015.