Log in to your IBTimes Account

close
ID
Password

Australasian Investment Review

Origin's Gas Plant Shut Due To Fire



27 December 2007 @ 01:59 pm AEST

Origin Energy's (ORG) gas plant had shut down due to a fire in the condensate/gas separation part of the plant on Monday 24 December 2007.

The Beharra Springs gas plant is in Western Australia.

"The fire was successfully extinguished and no personnel were injured as a result of the incident," the company said.

The cause of the fire remains unknown and a full investigation has been initiated.

Origin said that as the operator of the gas plant, it will comply with all regulatory requirements to investigate and remediate the incident.

The damage at the Beharra Springs is localised, and until an integrity assessment is complete 'it is not known how long it will take to investigate, repair and recommission the plant'.

Origin said it expects the plant to resume operations before the end of January.

Shares in Origin (ORG) were trading down 1 cent at $8.60 at 12.06pm AEST.

AIR publishes a weekly magazine. Subscriptions are free at http://www.aireview.com.au

About Australasian Investment Review

Australasian Investment Review (AIR) is a free daily news service with a weekly online magazine covering global financial markets with a focus on Australia, New Zealand and Asia.

Each morning (Sydney time) AIR's team of experienced journalists present you with a concise digest of expert opinions and analysis on trends and backgrounds that matter in these markets. AIR is available free of charge.

Information provided to you by the Australasian Investment Review (AIR).
AIR publishes a weekly magazine. Subscriptions are free at www.aireview.com.au.

    Click!
  • Rate this article:

Comments

Post Your Comment

*Name


advertisement

advertisement
 
IBTimes.com.au Web
 
International Business Times© 2010 The Ibtimes Company. All Rights Reserved. Partners