Oil and Gas News

Senex hits 268% production increase at Atlas

Senex Energy has recorded a 31 per cent increase in oil and gas production during its March 2020 quarter compared with the prior quarter.

In the Surat Basin, Senex tracked gas production at 358,000 barrels of oil equivalent (boe), a 58 per cent increase compared with the previous quarter.

The company outlined that the daily production exceeded 29 terajoules a day (TJ/day) and continues to track towards initial nameplate capacity of 48 TJ/day.

At the company’s Atlas project, quarterly production increased significantly, with a 268 per cent increase to 116,000 boe due to the strong production from its first 23 wells.

Senex increased production at Roma North by 24 per cent to 242,000 boe as the plant reached capacity of 16 TJ/day, more than 12 months ahead of schedule.

As a result, the company has entered the front end engineering design (FEED) phase on the low-cost 8 TJ/day expansion of the gas processing facility to 24 TJ/day, which is expected to be finalised in the second half of 2020.

In the Cooper Basin, the company reported that oil and gas production of 230,000 boe was 4 per cent hight than the prior quarter.

The natural oil field decline was offset by an 82 per cent increase in gas and gas liquids production to 64,000 boe due to the first full quarter of production from the Gemba field, South Australia.

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