Oil and Gas News

Senex hits quarterly gas production target

Senex Energy has successfully reached it targeted initial plateau natural gas production during the quarter, with quarterly production increasing to 4.7 petajoules (PJ).

Managing director and chief executive officer Ian Davies said growth activities remain on track, with initial Roma North production expansion to 9 PJ/year expected to be online in the first quarter of the 2022 financial year.

Senex reached a milestone this quarter, achieving its initial production plateau, at an annualised run rate of around 19 PJ/year before production expansions,” he said.

“Further production expansion of an additional 18 PJ/year at Roma North and Atlas combined progressed through FEED during the quarter.”

During the quarter, the company also signed a further gas sales agreement, concluding a three-year deal with Nyrstar in Port Pirie, South Australia, with more gas sales negotiations continuing in a tightening east coast gas market.

Davies further highlighted in the quarterly report that the company is quickly progressing the development of its Surat Basin natural gas reserves, to deliver its targeted five-fold growth in annual production to more than 60 PJe by the end of 2025 financial year.

“Portfolio production following completion of planned expansion projects will total around 36 PJ/year,” he said.

“Senex is committed to supporting our customers with long term lower-carbon Surat Basin natural gas supply as Australia transitions to a lower carbon future.”

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