Senex Energy increases Atlas Project gas production

A multi-million-dollar expansion of a Queensland gas project will create 100 jobs and bring more gas into the market, with Senex Energy announcing it will increase gas production by 50% at its Project Atlas operation in the Surat Basin. The $40 million investment means the company will be able to produce 18 petajoules (PJ) of natural gas per year.

Senex Managing Director and CEO Ian Davies said the Atlas expansion project is yet another example of the low-risk, high-return organic growth opportunities available to Senex with its established hub-andspoke infrastructure operating model (see video below).

“Atlas is a high-quality development, providing material and reliable supplies of natural gas to Australian manufacturers, supporting the economy and jobs in local communities.

“This investment follows strong project execution and natural gas production performance at Atlas, with reservoir performance and well availability continuing to excel”, Mr Davies said.

Minister for Resources Scott Stewart said the expansion at the site 20km southwest of Wandoan would create jobs and stimulate the region’s economy as the Palaszczuk Government continues to implement its strong COVID-19 Economic Recovery Plan.

“Senex’s expansion at Atlas is slated to create 100 jobs and inject about $15 million into our regional communities,” Mr Stewart said.

“Natural gas production is an important part of Queensland’s resources sector, a sector that has supported an average of 76,000 direct jobs through the pandemic.

“Queensland really does lead the nation when it comes to gas policy, and it’s thanks to the Palaszczuk Government that we’re able to keep more gas on Australian shores to benefit local businesses and families.

“In 2018, Senex Energy was awarded the first Australian market supply condition tenure, guaranteeing the gas they extract goes to the Australian market.”

Since then, Senex Energy has signed supply contracts with a range of businesses across the east coast Australia, ensuring Queensland gas isn’t just creating jobs in Queensland, but also interstate.

Atlas is the first natural gas acreage in Australia dedicated to domestic supply – supplying much-needed natural gas to the east coast market for production of electricity and everyday consumer products from bricks and beverage bottles.

To view Minister for Resources – Hon Scott Stewart’s Media Statement, visit: https://statements.qld.gov.au/statements/92958