Independent Australian oil and gas company, Senex Energy, reached a final investment decision for Project Atlas and Roma North gas projects.
The FID follows the financial close of the company’s $150 million debt facility, Senex said in its statement, noting the two projects will establish the company as a “material supplier of natural gas to the east coast market.”
With a targeted increase in annual production across the Cooper and Surat basins to 4 mmboe, the modular expansion of gas processing infrastructure provides an opportunity for further production growth from well performance and future investment decisions on existing acreage.
Project Atlas is expected to produce material volumes of gas for the domestic market. The primary objective of the project’s development program is to reach plateau production of 32 TJ/day (approximately 2 mmboe per annum), with an additional 8 TJ/day of installed redundant capacity available.
The Western Surat Gas project will initially focus on the progressive development of the Glenora and Eos blocks, and appraisal of the Mimas and Tethys blocks (collectively, Roma North).
The primary objective is to reach minimum initial production of 16 TJ/day (approx. 1 mmboe per annum), with potential for expansion to 24 TJ/day.