Santos expands acreage in Australia’s Bowen Basin

Santos expands acreage in Australia's Bowen Basin
Image courtesy of Santos

Australian LNG player Santos and its GLNG joint venture partners and APLNG, have been granted exploration rights for the PRL2016/17-1A block, located directly west of the Arcadia gas field in the Bowen Basin.

Santos noted in its statement it will hold 22.85 percent interest in the joint venture along with its partners, Petronas and Total with 20.94 percent each, Kogas (11.42 percent) and Australia Pacific LNG with 23.85 percent.

EVP exploration and new ventures at Santos, Bill Ovenden, said that being adjacent to the planned Arcadia will enable the partners to use existing infrastructure, reduce development costs and produce more gas.

“Access to new and existing supply sources in Queensland as well as new supply sources in New South Wales and the Northern Territory is critically important to enable us to continue to deliver competitive gas to the east coast domestic gas market,” Ovenden said.

Santos is on track to supply about 11 percent of the Australian Competition and Consumer Commission’s (ACCC) expected east coast gas demand in 2018.

Share this article

Follow LNG World News


<< Sep 2019 >>
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >