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>

<< Nov 2019 >>
MTWTFSS
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

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Nov 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >

Budapest LNG Summit 2019

The Budapest LNG Summit is a niche event focused on the up and coming LNG region of Central & Eastern Europe (CEE).

read more >