The company has been awarded the 58 km2 Surat Basin coal seam gas acreage near Miles by the Queensland Government for Australian domestic gas supply.
The Managing Director and CEO of the company, Ian Davies, said: “Senex applauds the proactive steps taken by the Queensland Government to increase the supply of gas for Australia’s east coast. With extensive experience and a proven track record, Senex has been entrusted to deliver this important energy resource to market.
“We plan to engage with domestic gas customers in early 2018 with a view to signing gas supply contracts, with first gas targeted for 2019. This award enables Senex to materially expand its gas business while delivering energy security to domestic customers and opportunities for the local community. This clear example of our gas strategy in action will create jobs for Queenslanders and value for our shareholders.”
The company was awarded the acreage for nil consideration following a competitive tender. The acreage contains P50 recoverable gas volumes of 201 PJ, and is able to sustain production rates of over 30 terajoules per day at plateau. Senex expects to obtain regulatory approvals over the acreage in mid-2018.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/05092017/senex-awarded-surat-basin-acreage-for-domestic-gas-supply/