Senex Energy Ltd is expected to commence its Surat Basin natural gas drilling program next month after contracting oil and gas services provider, Easternwell.
Easternwell will begin Senex’s natural gas drilling program across Project Atlas and Roma North in May 2019, with completion of this initial drilling program planned for mid-2020.
Senex is able to extend the duration of the Easternwell contract to a total period of up to two years from the contract start date.
Managing Director and CEO, Ian Davies said Senex and Easternwell have developed a strong working relationship over many years in the Cooper and Surat basins.
“This contract puts in place one of the final major elements for the delivery of our Surat Basin natural gas projects,” he said.
With the construction of the gas processing facilities on schedule, and drilling to start in May, Senex is on track to deliver first sales gas from Roma North mid-year and from Project Atlas by the end of 2019.
“These developments will achieve a step change in production, cash-flow and earnings for Senex and deliver much-needed gas to the east coast market,” Mr Davies added.
Civil works are currently underway on the Project Atlas gas processing facility, with commissioning and first sales gas due late in 2019.
Construction is also progressing on the Roma North gas processing facility, with civil works and pipeline construction complete and major equipment items installed.
Commissioning of this facility and first sales gas are due in mid-2019.