Sep 21, 2020

Tender win enhances Senex gas developments

Tender win enhances Senex gas developments

Senex Energy has been awarded preferred tenderer status for
key natural gas blocks in the Surat and Bowen basins.

The release is part of the Queensland Government’s domestic
gas acreage tender process and includes includes additional acreage immediately adjacent to Senex’s Atlas development.

Senex says the new Atlas acreage will enable rapid expansion of natural gas production to about 18 PJ/year, an increase of 50 per cent.

The company has an agreement in place with Jemena to expand the Atlas gas processing facility by 50 per cent to 48 TJ/day sales gas.

The granted Bowen Basin acreage – a 486 sq km exploration block – is located on trend between the Scotia and Meridian gas fields, providing further scale and diversification to Senex’s natural gas portfolio.

Senex managing director and chief executive officer Ian Davies said Senex was uniquely positioned to contribute to Australia’s gas-fired recovery from the COVID-19 recession.

“Senex is a material new entrant in a strong domestic market with high barriers to entry,” he said.

“We are increasing the supply of natural gas on the east coast to help our manufacturing sector, and we are here for the long term.

“The Queensland Government’s award of acreage to Senex strengthens our ability to leverage our established hub-and-spoke infrastructure model for accelerated supply of affordable natural gas to the domestic market.

“Senex is committed to investing for the long-term to unlock both development-ready and exploration opportunities. We welcome the proactive policies in place to encourage development of Australia’s vast natural gas resources, which will help deliver affordable and sustainable gas supply.”

Senex has an agreement with Jemena to expand the Atlas processing facility by 50 per cent.