Leading gas producer Santos has gained rights to explore for more gas near Injune.
Santos Executive Vice President, Exploration and New Developments Bill Ovenden says the tender is ideally located.
“Being adjacent to the Santos-planned Arcadia project means the company will be able to leverage existing infrastructure, reduce development costs and produce more gas.”
Santos will need to negotiate land access agreements and fulfil any existing environmental and Native Title requirements before the exploration authority is granted and work can begin.
Mines Minister Anthony Lynham says Tenders are currently open for gas companies to explore for gas in 10 areas in the Bowen, Surat, Adavale and Eromanga basins.
“That includes more than 6000 square kilometres for gas that can only be sold in Australia, and not exported.”
Another gas major APLNG recently gained a 95 square kilometre petroleum lease to in the Surat Basin.
Minister Lynham says this area has the potential to produce 251 billion cubic feet of gas over the next 30 years.”
“APLNG will commence production on the site within the next three years using their existing Combabula gas processing facilities.”