Senex to boost Atlas output
The Australian independent plans to increase the gas project’s capacity by 50pc
ASX-listed Senex Energy has made FID on the expansion of its Atlas gas project, committing to increase production by 50pc. The $40mn expansion will raise Atlas’ production capacity to 18PJ/yr (5.9bn m³/yr), or 48TJ/d, from a current 12PJ/yr, or 32TJ/d. The expanded processing facility is expected to be commissioned in the first quarter of the 2023 Australian financial year, or July-September 2022. Drilling to supply the expansion is due to start in September. The expansion was underpinned by sales agreements with domestic Australian manufacturers, and the developer describes the project as a “low-cost, low-carbon, high-return and long-life investment”. 18PJ/yr – New Atlas capacity tar
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields