Senex brings Western Surat wells on line
PERTH (miningweekly.com) – ASX-listed Senex Energy has brought the first 30 appraisal wells on line as part of its Phase 2 investment in the Western Surat gas project, in Queensland.
The company in February this year announced that it would invest A$50-million in the 30-well drilling campaign to further its understanding of the resource.
Of the 30 wells in the Phase 2 programme, 24 have already been drilled, with the remainder to be completed in the coming months.
MD and CEO Ian Davies told shareholders on Monday that the company was confident of completing the Phase 2 programme on budget.
“We know that cost management is a key driver of value on the Western Surat gas project, and the Phase 2 work programme has provided us the opportunity to test and embed our processes ahead of a full field development.
“We are on track to achieve our cost target of A$1.2-million per installed well on this work programme, with Senex achieving excellent performance in partnership with its preferred suppliers.”
All 30 wells were expected to be in production by the end of the year, and Senex was expecting production from the Phase 2 wells to conform to the typical profile of coal seam gas wells, with dewatering to precede a steady increase in gas production rates.
The Western Surat gas project is expected to support up to 425 wells over its life.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation