TRANSFORMATION: Senex has marked a major step towards full scale production from its Surat Basin development projects.
TRANSFORMATION: Senex has marked a major step towards full scale production from its Surat Basin development projects. Mark Duffus

Senex celebrates transformation with new drill campaign

A NEW drilling campaign has ushered in a significant transformative period for Senex Energy.

The company has now begun its integrated natural gas drilling campaign, representing a major step towards full scale production from its Surat Basin development projects.

The new campaign comprises about 11 wells across Roma North and Project Atlas sites, set to deliver natural gas to the processing facility at Roma North (16 TJ/day) and to Project Atlas (40 TJ/day).

Drilling has already begun at Roma North, and will continue to the end of March 2020, when the rig will star drilling at Project Atlas, enabling a ramp-up of the project's production ahead of gas sales and commissioning of the gas processing facility later this year, while minimising flaring.

Managing director and CEO Ian Davies said new sales gas volumes will be delivered to domestic customers from January 1 next year.

"This drilling campaign is significant in the transformation of Senex. This is an important milestone as we begin... to reach our initial gas production target of around 18PJ of gas per year from the Surat Basin by the end of June 20201,” Mr Davies

said.

"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 expandable nature of the projects, and their projected longevity, is set to deliver gas to east coast markets 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 continues to deliver on stated project milestones, to become an important supplier of gas to the east coast market.”