Located 65 km north of Injune in the state’s southwest, the 86 square kilometre permit holds significant gas resources that have been earmarked for the domestic market.
“This area holds significant gas resources, which will further add to the gas being produced by workers here in Queensland and made available for domestic use and export markets,”? said Queensland Minister for Natural Resources, Mines and Energy Dr Anthony Lynham.
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,”? said Mr Ovenden.
Santos will need to negotiate land access agreements and fulfil any existing environmental and Native Title requirements before the exploration authority is granted and work can begin.
Santos will hold a 22.85 per cent interest in the joint venture along with its GLNG partners – Petronas (20.94 per cent), TOTAL (20.94 per cent), KOGAS (11.42 per cent) – and APLNG (23.85 per cent).