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Senex wins Surat acreage for domestic supply

Written by  AOG Staff Tuesday, 05 September 2017 20:37
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Brisbane-based Senex Energy has been awarded 58sq km Surat basin coal seam gas acreage near Miles by the Queensland Government for Australian domestic gas supply.

The acreage contains P50 recoverable gas volumes of 201 PJ and is capable of sustaining production rates of more than 30 TJ/d at plateau.

With first gas to domestic customers targeted for 2019, Senex expects to obtain regulatory approvals over the acreage in mid-2018.

CEO Ian Davies said the company plans to engage with domestic gas customers in early 2018 with a view of signing gas supply contracts.

“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,” he said.

Last month, the firm recorded lower financial loss for FY17 and increased capital expenditure significantly for FY18 to focus on major growth projects in the Cooper and Surat basins. 

Image: Map of Senex's new acreage / Senex

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