Senex Energy to triple Queensland gas output by 2025
Senex Energy, recently acquired by South Korean company Posco International and Hancock Energy, Perth, plans to invest over $1 billion (Aus.) to triple the company’s Queensland gas output by 2025.
Senex Energy, recently acquired by South Korean company Posco International and Hancock Energy, Perth, plans to invest over $1 billion (Aus.) to triple the company’s Queensland gas output by 2025.
Senex began Queensland production in 2019 and plans to produce up to 60 petajoules/year by 2025.
More than two thirds of the promised funds are to be invested during the next 2 years on gas infrastructure and the drilling of wells in the Surat basin coal seam gas fields of southeast Queensland.
The company currently supplies gas to manufacturers in Queensland and supplies feedstock for the Santos-operated Gladstone LNG plant on Curtis Island.