Senex begins Surat Basin drilling campaign

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Senex Energy has begun its integrated natural gas drilling campaign, representing a major step towards full-scale production from its Surat Basin development projects.

The drilling campaign comprises approximately 110 wells across Roma North and Project Atlas that will deliver natural gas to the 16 TJ/day (~6 PJ / 1 mmboe p.a.) processing facility at Roma North and the 40 TJ/day (~15 PJ / 2.5 mmboe p.a.) processing facility at Project Atlas.

Drilling began at Roma North and will continue to the end of Q1 FY20 when the rig will start drilling at Project Atlas. This reflects an optimised drilling schedule to enable ramp-up of Project Atlas production ahead of gas sales and commissioning of the gas processing facility in late 2019, while minimising gas flaring.

New Project Atlas sales gas volumes will be delivered under recently signed contracts with domestic customers from 1 January 2020.

Managing Director and CEO Ian Davies said this drilling campaign is significant in the transformation of Senex.

“This is an important milestone for Senex as we begin a major drilling campaign to reach our initial gas production target of around 18 PJ of gas per year from the Surat Basin by the end of FY21.

“Our Surat Basin gas development projects will deliver a step-change in production, cash flow and earnings for Senex and its shareholders, and deliver much needed gas volumes to domestic customers.

“The long-life and expandable nature of these projects and our material 2P reserves of natural gas mean we will be delivering gas to the east coast market for decades to come.

“Our progress also demonstrates collaboration and strong relationships with the local community and service providers, which support jobs and help drive project efficiencies”, Mr Davies said.

Senex said the company continues to deliver on stated project milestones to become an important supplier of gas to the east coast market.

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