Atlas is the first natural gas acreage in Australia dedicated solely to domestic supply, located 20 km southwest of Wandoan in Queensland’s Surat Basin.
Senex announced this week that a FID had been reached for the $40 million expansion of the project, which will result in a 50 per cent production increase, from 12 to 18 PJ/year.
Senex Managing Director and CEO Ian Davies said the Atlas expansion project is a low-risk, high-return growth opportunity for Senex to support increased domestic natural gas supply.
“This investment follows strong project execution and natural gas production performance at Atlas, with reservoir performances and well availability to continue to excel,” he said.
The company said this progression is the next phase of growth to drive Senex towards its annual production target of more than 60 PJ/year by the end of the 2025 financial year.
Drilling is anticipated to commence in September.
For more information visit the Senex website.