The 764 km2 parcel of land is located 65 km east of Surat, and Santos Managing Director and CEO Kevin Gallagher said the award will continue the company’s strong investment in Queensland.
“Right through the global pandemic, Santos, a proudly Australian company, maintained its drilling program and 2021 will be the same, with around $800 million being invested right here in Queensland to drill another 180 wells and deliver more gas supply,” he said.
“This will support the jobs of the nearly 1,200 Queensland workers in our operations and provide more opportunities for small and family businesses in regional Queensland.
“Importantly, Queensland and east coast customers pay less for gas than Asian customers and they will continue to enjoy a competitive gas price advantage as we bring more low-cost supply to market from this new ATP and our other Queensland developments.”
Resources Minister Scott Stewart said Queensland had released more than 80,000 km2 of land for gas exploration since 2015.
“We are serious about finding gas to keep power stations generating, stoves burning, and workers working and have imposed strict conditions that any gas produced from this venture heads straight to the Australian market,” he said.
“Queensland is the only state securing Australia’s east coast gas supply with nation-leading gas policy and land releases.”
For more information visit the Santos website.
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