SENEX ENERGY reported its Hornet field commenced commercial production of gas in the Cooper basin in late November.
The Hornet-1 gas well tested at a flow rate of more than two million cubic feet per day in pre-commissioning.
Gas from the Hornet field is being sold to the South Australian Cooper Basin joint venture under a gas sales agreement which provides for the supply of unprocessed raw gas on a discretionary basis with up to 10 million standard cubic feet per day able to be supplied.
Senex managing director Ian Davis said the development was evidence of the Growth Acceleration Strategy in action, with the company moving its portfolio of growth projects up the maturity curve in order to reach aspirational production and reserve targets for the end of the financial year 2017-2018.
The company’s Martlet-1 well, located in the Cooper basin flow tested at the equivalent of 5149 barrels of fluid and 2596 barrels of oil per day from the Namur reservoir on a short term test.
Senex commissioned the well in early December.
In a statement the company said construction had commenced on water management facilities which, once complete, will increase production capacity from the Martlet oilfield during the second half of financial year 2015.
Senex reported “strong production test results” at the Vanessa conventional gas field located in the Cooper basin.
Vanessa-1ST gas exploration well flowed to the surface at an average rate of five million standard cubic feet per day from the Epsilon and Toolachee formations.
Additional analysis is underway to confirm gas composition and associated liquids.
In a statement, Senex said the joint venture plans to bring the well online and then consider further appraisal and development opportunities.
“With our progress at the Vanessa gas field, and stable production of gas and associated liquids from the Hornet gas field, we are moving closer towards a high value, sustainable gas business,” Mr Davies said.