Gas Supply East Coast Moves Up a Gear

Senex – the first company to win the right to explore and produce gas exclusively for the Australian market only has today gained a petroleum lease which essentially gives them a licence to produce.

senex-energy
It’s expected that the company’s lease in the Surat Basin means they’ll be supplying Australia’s east coast gas market within two years.

Senex won a pilot tender last year and has been working to obtain the regulatory approvals to commence gas production.

Senex managing director and chief executive officer Ian Davies says that reaching this important step in the project schedule would ensure the company remained on track to deliver first gas to the domestic market in late 2019.

“It’s an exciting step forward and shows we are making great progress on our commitment to deliver additional gas supplies into the east coast domestic market through Project Atlas.”

“The direct award of this Petroleum Lease is an innovative solution by the Queensland Government to help address the shortage of east coast gas and the quick turnaround of our application shows its continued commitment.”

The Senex lease is the first to come to fruition under plans for land releases for the domestic purposes.

Since Senex won its tender, two other Australian producers — Central Petroleum and Armour Energy — have won a further tender to explore for gas exclusively for the Australian market.

The two local producers will explore a total of almost 400 ha just north Miles and Surat in south-west Queensland.