PERTH (miningweekly.com) – The Queensland Department of Environment and Energy has given ASX-listed Senex Energy approval to develop its Atlas project.
The company said on Monday that it was now progressing the remaining regulatory approvals required by the Queensland government, with all environmental authority applications now submitted to the state.
The Senex board in October last year approved a capital spend of between A$220-million and A$250-million to develop the Project Atlas and Roma North natural gas projects.
Capital expenditure for the 2019 financial year is expected to be between A$110-million and A$130-million.
Project Atlas is expected to reach a plateau production of 32 TJ/d, or about two-million barrels a year of oil equivalent, with an additional 8 TJ/d of installed redundant capacity available.
Senex in June last year struck an agreement with infrastructure operator Jemena to partner on the accelerated development of Project Atlas to deliver first gas to the domestic market by late 2019.
Under the agreement, Jemena will build, own and operate a gas processing facility with an initial capacity of 40 TJ/d and a 60-km pipeline to process and transport gas from Project Atlas via the Darling Downs pipeline to the Wallumbilla hub.