Senex Energy Ltd., Brisbane, released an independent assessment of its gas reserves and contingent resources that increases the company’s Surat basin 2P gas reserves by 21% to 739 petajoules.
Senex Energy Ltd., Brisbane, released an independent assessment of its gas reserves and contingent resources that increases the company’s Surat basin 2P gas reserves by 21% to 739 petajoules.
Senex says the increase has been driven by a successful appraisal and development drilling campaign at its Atlas Project along with continued over-performance at its Roma North project.
The Atlas project saw a 62% (90 petajoules) increase in 2P reserves to 234 petajoules while Roma North production drove a 10% (25 petajuoles) increase in 2P reserves to 238 petajoules.
Senex said its Surat 1P reserves had risen by 109 petajoules to 210 petajoules; the 2P reserves up by 127 petajoules to 739 petajoules; and the 3P reserves up by 105 petajoules to 995 petajoules.
The company said that it achieved a 100% reserves replacement ratio in its Cooper basin fields during the 2020 financial year, making the 2P reserves figure there steady at 7.3 MMboe.