Cooper Energy has reached a Final Investment Decision (FID) for its Sole gas project offshore Australia. Sole is located in VIC/L32 the Gippsland Basin, offshore Victoria, around 65 km from the Orbost Gas Plant. Sole will deliver gas sales of 4 million barrels of oil equivalent per annum to Cooper Energy. The capital cost of the Sole upstream development is estimated to be around $355 million, inclusive of the cost of drilling and completing two wells using Diamond offshore UDW semi Ocean Monarch (10,000′). The project is due to come on stream in 2019.