Senex Energy is marking the successful completion of its $400 million Surat Basin natural gas development.
The company says it has completed an 80-well drilling campaign for the project, down from the 110 or so wells originally planned due to continued production outperformance.
The project also saw Senex and infrastructure partner Jemena build and commission facilities at Roma North and Atlas with gas processing capacity of more than 20 petajoules (PJ) a year.
Completion comes less than two years after the October 2018 Final Investment Decision for the $400 million capital program.
“We are proud to have worked closely with our partners Jemena and Easternwell, landholders, community and other stakeholders to successfully develop these critical natural gas resources for the east coast market,” Senex managing director and chief executive officer Ian Davies said.
“Further, we are appreciative of the strong policy settings of successive Queensland Governments, enabling the development of these valuable resources.
“With proved and probable (2P) natural gas reserves in excess of 600 PJ across our Surat Basin acreage, Senex will be delivering natural gas to the domestic market for decades to come.”