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

Events>

<< Feb 2020 >>
MTWTFSS
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 1

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

3rd CWC Japan LNG & Gas Summit

As the only commercially focused forum for the Japanese LNG industry

read more >

Cryogenic Storage Tanks

The program committee looks forward to having the opportunity for intensive, objective and professional…

read more >