Around $140 million can be invested and 200 jobs created following agreements entered into between Senex and Jemena that can fast-track gasoline from Senex’s Project Atlas to the home market by late 2019.
Project Atlas includes the supply of pure gasoline from coal seams on acreage positioned close to Wandoan and Miles in Queensland’s Surat Basin.
Major infrastructure operator Jemena will construct, personal and function a 40 terajoule per day gasoline processing facility and pipeline to ship gasoline from the Project Atlas coal seams acreage within the Surat Basin to the Wallumbilla Hub, the gateway to the home gasoline market.
Senex was awarded the Atlas acreage, positioned close to Miles, by the Queensland Government in September 2017 following a aggressive tender. Atlas is a high-quality useful resource and Senex is growing the 58 sq. kilometre block for the Australian home gasoline market.
Managing Director and CEO Ian Davies mentioned at present’s settlement introduced Senex one essential step nearer to delivering gasoline to home prospects.
“We are extraordinarily happy to be partnering with Jemena to fast-track Project Atlas to supply further gasoline volumes into the home market.
“Last yr we made a dedication to ship gasoline to the home market by the tip of 2019. We are systematically bringing collectively all of the essential components to just do that,” he mentioned.
The strategically positioned infrastructure will present a long-term bodily connection from a highly-productive space of the Surat Basin straight into the Wallumbilla Gas Hub. The design of the processing facility additionally contemplates future growth for Senex or different third events within the space to attach and provide into the home market.
“This $140m funding is not going to solely create new jobs and help the native financial system within the Western Downs area, however will lead to producing royalties and advantages past the area and the State,” Mr Davies mentioned. (Source and picture: Senex / Senex Roma acreage, Queensland)
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