The Mahalo gas project near Rolleston in Central Queensland has been granted its necessary petroleum leases for 30 years.
Proponent Comet Ridge said the petroleum lease awards were the final regulatory approval required for the project to move forward
They follow Commonwealth environmental approvals in May and the Queensland Department of Environment and Science environmental approval in June.
Comet Ridge chairman James McKay said Comet Ridge and its partners had undertaken many years of exploration, appraisal and development planning activities to prove up Mahalo as a valuable development-ready gas project.
“The Mahalo gas project is well positioned to deliver meaningful gas production into the domestic and export market as part of an emerging greater Mahalo fairway,” he said.
“The streamlined approval process shows it has the support of the Queensland Government and we look forward to working with our joint venture partners in progressing Mahalo towards a Final Investment Decision.”
The project is held 40 per cent by Comet Ridge, 30 per cent by Santos and 30 per cent by APLNG.
Work is also continuing at Comet Ridge’s Mahalo North project to make it development-ready to be quickly tied into either the Mahalo project or other nearby gas processing and pipeline facilities.