Senex Energy Limited has received Environmental Authority from the Queensland Government to develop the Western Surat Gas Project.
The company said the go-ahead represents a key milestone for the project, with Senex receiving environmental approval from the State to develop up to 425 wells with gas and water gathering networks, compression facilities, and water management infrastructure.
Senex said it expects to receive all remaining State and Commonwealth regulatory approvals for the development of the project by the end of the financial year FY18, including the grant of a Petroleum Lease.
“We are making great progress on the Western Surat Gas Project, systematically achieving the milestones to move into the development phase,” Senex managing director and CEO Ian Davies said.
“2018 is set to be an exciting time, with the production of material gas from the Phase 2 wells, and all the pieces in place for us to make the next material investment decision on the project.”
The Western Surat Gas Project involves the delivery of coal seam gas from an area spanning approximately 915 square kilometres of Senex permits, north of Roma in Queensland.
•Senex completed the first pilot on the Glenora block in December 2016, and commenced appraisal testing in 2017
•Senex sanctioned a $50 million investment program in February 2017 to further appraise the acreage:
•Drilling of 30 wells on Glenora and Eos blocks (eastern area of the project)
•Construction of gas and water handling infrastructure
•Appraisal activities west of Eos block
Senex is progressing towards full field development and has a near term focus on:
•Expanded appraisal program in areas adjacent to Glenora and Eos
•Working towards investment decision on sales gas infrastructure and next phase of drilling
•Delivery of financing strategy for overall project development
•Securing regulatory and environmental approvals
Senex is committed to working closely with all stakeholders, including landholders, Native Title holders, community, industry and government.