Apr 07, 2018

Santos wins Bowen Basin exploration ground

Santos wins Bowen Basin exploration ground

Santos and its joint venture partners – TOTAL, Petronas, KOGAS and APLNG – have been awarded exploration rights to an 86sq km area about 65 km north of Injune in Queensland’s Bowen Basin.

Santos executive vice-president, exploration and new developments Bill Ovenden said the tender was ideally located.

“Being adjacent to the Santos-planned Arcadia project means the company will be able to leverage existing infrastructure, reduce development costs and produce more gas,” Mr Ovenden said.

Mines Minister Dr Anthony Lynham said the Queensland Government was continuing to drive gas exploration and production through the release of land under its Annual Exploration Program.

“Tenders are currently open for gas companies to explore for gas in 10 areas in the Bowen, Surat, Adavale and Eromanga basins,” he said.

“That includes more than 6000sq km for gas that can only be sold in Australia, and not exported.”

Santos says it is on track to supply about 11 per cent of the ACCC’s expected east coast gas demand in 2018.

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