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Sole pipeline pressure test successful

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World Pipelines,

Cooper Energy provides the following update to its announcement of 12 November 2018 which reported that the pipeline installation contractor had identified an anomaly in the form of a through wall thickness opening at one location in the pipeline during performance of pipeline acceptance pressure testing (hydrotest).

The pipeline installation contractor has removed a section of pipeline which contains the damage from the sea floor and successfully completed a hydrotest of the 65 km pipeline from the Orbost Gas Plant to the Sole wells.

The hydrotest was conducted over a 24 hr hold period and has confirmed the capability of the pipeline to retain the required pressure and is an important step in preparing the pipeline for permanent repair.

The contractor is preparing to repair the damaged section of pipe within April 2019, subject to regulatory approvals. The Sole Gas Project remains within budget and on schedule for first commercial gas production in July 2019 as previously advised.

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