Bennett Resources is embarking on a campaign to evaluate the Canning Basin’s unconventional gas potential with an eventual goal of increasing supply to the east coast market.
US-based Black Mountain Oil and Gas – Bennet Resources’ parent company – CEO Ashley Zumwalt-Forbes said unconventional gas had proven to be a game-changer for the US energy markets by driving downstream development and creating jobs throughout the industry.
“The Canning Basin has the same potential in Australia,” said Mrs Zumwalt-Forbes.
“Piping gas from the Canning Basin to the east coast of Australia would be a transformative, nation-building development.
“Pipeline gas will provide a level of security of supply and price that simply can’t be matched by LNG imports.
“The opportunity for gas to play a role in reducing Australia’s carbon emissions, by displacing coal and partnering with renewables, is well known as coal is around 2.5 times more carbon intensive than natural gas.”
Mrs Zumwalt-Forbes said the unconventional resources in the Canning Basin have been constrained by several factors, with infrastructure being one of them.
“But we also believe we are unique in being the first well-resourced player with significant tight gas development experience to take a serious position in the Canning Basin,” she said.
The company intends to conduct a seismic campaign over the next 12 months before drilling in 2022.
Bennett Resources has lodged a referral with the WA Environmental Protection Agency and also has the support of the Yungngora and Warlangurru Native Title Holders, being the Traditional Owners of the intended operational area.
For more information visit the Bennett Resources website.
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