Senex’s new acreage is located in the Surat and Bowen basins and includes an area immediately adjacent to its existing Project Atlas development.
The company said the acreage would enable gas production at Atlas to rapidly expand by 50 per cent to around 18 PJ/year, with an agreement with Jemena in place to expand the project’s gas processing facility to 48 TJ/day.
Senex Managing Director and CEO Ian Davies said this expansion of Atlas and the company’s new acreage in the Bowen Basin would also help increase the supply of natural gas to Australia’s east coast.
“The Queensland Government’s award of acreage to Senex strengthens our ability to leverage our established hub-and-spoke infrastructure model for accelerated supply of affordable natural gas to the domestic market,” he said.
Comet Ridge was selected as the preferred tenderer for two additional gas blocks near the company’s Mahalo North block and its Mahalo Gas Project.
Comet Ridge said the timing of the award coincides with the Federal Government’s push to fast track gas development, with Mahalo emerging as a prime candidate to deliver domestic supply.
“The Mahalo Gas Hub is an emerging gas area that is well positioned to deliver significant near-term volumes of gas into the domestic market, and Comet Ridge as 100 per cent owner of these three additional blocks, is well positioned to fast track development.”
For more information visit the Queensland Department of Natural Resources, Mines and Energy website.
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