Real Energy inks gas deals with Santos and Beach

Real Energy inks gas deals with Santos and BeachIllustration purposes only (Image courtesy of Santos)

Cooper Basin focused oil & gas company, Real Energy executed binding agreements with LNG player Santos and Beach Energy for gas processing at Moomba, and gas transportation and tie-in at Mount Howitt.

This gas processing agreement allows raw gas from Real Energy’s Windorah gas project to be processed into sales gas, which can then be supplied to the east coast Australian gas market.

Both Santos and Beach Energy have gas processing facilities at Moomba in South Australia, Real Energy said in a statement.

The company has now agreed terms for gas processing and transportation services, allowing it to commercialize the Windorah gas project, that has an assessed gas resource of 672 billion cubic feet of gas.

Real Energy completed the well stimulation of Tamarama-2 and Tamarama-3 and will look to establish flow rates for these wells once most of the frac fluids have been recovered from the wells.

Commercial terms of the deals remained undisclosed.

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