Senex Energy is continuing to ramp up its Surat Basin gas operations, with production exceeding 29 TJ/day.
In the company’s quarterly report today, managing director and chief executive officer Ian Davies said the new Roma North project was producing above nameplate capacity.
“Ramp-up is set to continue as new Atlas wells are brought online later this month,” he said.
The company’s Surat Basin gas production for the quarter reached 358 kboe – 58 per cent higher than the prior quarter. Daily production has exceeded 29 TJ/day and continues to track towards initial nameplate capacity of 48 TJ/day.
At Roma North, quarterly production was up 24 per cent to 242 kboe as the plant reached nameplate capacity of 16 TJ/day more than 12 months ahead of schedule.
The facility has consistently produced more than 18 TJ/day over the past month.
Expansion studies underway
Senex has entered FEED on a planned expansion of the gas processing facility to 24 TJ/day (about 9 PJ/year), which is expected to be finalised in the second half of this financial year.
It describes the expansion project as low risk, with fast cash returns given the facility’s modular processing design and more than 20 years of 2P reserves coverage at 24 TJ/day.
At Atlas, quarterly production was up 268 per cent to 116 kboe.
Senex said the first 23 wells continued to perform strongly and exceeded 10 TJ/day before the end of March. Connection of recently drilled wells will commence in late April 2020.
“Against the backdrop of COVID-19 and lower oil prices, Senex has delivered another outstanding quarter highlighted by strong gas production growth and delivery of key project milestones,” Mr Davies said.
“Our highest priority is always the safety and wellbeing of our employees, contractors and the communities in which we operate. Senex responded swiftly to COVID-19, with broad ranging protocols implemented. This has allowed operations and work programs to continue safely with minimal disruption.”