Senex Energy has been granted approval to develop Western Surat Gas Project under the Commonwealth Government Environment Protection and Biodiversity Conservation Act (EPBC).
The project will involve up to 425 wells and associated infrastructure, with an investment of several hundred million over the life of the project
Senex has now received all primary approvals to commence development of the Western Surat Gas Project, initially focusing on the Glenora and Eos blocks.
In an announcement today, Senex said it was continuing to progress the remaining financial, commercial and contracting requirements prior to taking a Final Investment Decision for the project.
The Western Surat Gas Project, north of Roma in Queensland’s Surat Basin, is one of two major gas development projects that Senex is progressing to deliver new gas volumes into the east coast market (the other being Project Atlas).
“We are delighted to have achieved this critical milestone for the Western Surat Gas Project,” Senex managing director and chief executive officer Ian Davies said.
“This approval follows the recent announcement of a cost effective corporate and development debt facility, as well as partnering with Jemena for delivery of Project Atlas infrastructure. This progress demonstrates continuing strong momentum in the execution of our gas projects and our east coast gas strategy.”