New gas project plans

Posted August 6, 2015

Early planning is under way for a new coal seam gasfield development north of Roma and Wallumbilla in Queensland.

Senex Energy plans to spend $40 million on the Western Surat Gas Project in its first three years, with on-the-ground work to start this financial year and first gas production targeted by the end of 2017.

Toowoomba and Surat Basin Enterprise chief executive officer Shane Charles welcomed Senex’s plans for a new CSG development as a vote of confidence in the Surat Basin’s long-term energy prosperity. Senex Energy managing director and chief executive officer Ian Davies said the project was in the early planning phase – involving stakeholder engagement, concept engineering studies and environmental impact assessment for the project.

While the current environmental impact assessment applications allowed for the staged drilling of up to 1000 wells over about 30 years, he said Senex expected the level of development activity to be significantly less over that timeframe.

Mr Davies said it was difficult to provide an estimate of capital expenditure or workforce requirements at this stage, although he cautioned that the project would not require a significant workforce, particularly prior to final investment decision.

Supply opportunities were also limited at this stage, he said.

The Queensland Government recently released 11,000km sq for exploration expressions of interest (closing in October) to help foster further development of the state’s natural gas resources.

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