Senex makes FID on natural gas projects in the Surat basin

10/29/2018

BRISBANE -- Senex Energy announced today that it has made Final Investment Decisions (FID) to develop two natural gas projects in the Surat basin.

The developments, called Project Atlas and Roma North, involve the construction of a combined 110 wells initially, two gas processing plants and associated pipelines and facilities over 18 months starting late in the first quarter of 2019.

About 60 wells will be drilled in the initial development phase for Project Atlas, which is centred on Queensland’s first tenement dedicated to domestic gas supply. Senex expects to deliver more than 200PJ of gas for the domestic market over the life of the project.

The State Government awarded Senex the acreage last year after a competitive tender and delivery of first gas is on target for the end of 2019. Development is subject to final state and federal regulatory approvals.

On behalf of Senex, energy infrastructure company Jemena will build, own and operate the Atlas processing plant and 60-km pipeline that will transport natural gas to Wallumbilla, a major domestic supply hub.

Gas from Roma North, part of the larger Western Surat Gas Project, will be sold to GLNG under a 20-year sales agreement.

Senex expects to create about 150 jobs and invest more than $200 million in developing the projects, which are near existing gas infrastructure. Project Atlas is about 20km south-west of Wandoan and Roma North about 30 km north of Roma.

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