Senex granted petroleum lease for Project Atlas

Senex Energy has announced that it has been granted a petroleum lease and associated environmental approvals from the Queensland Government for the development of Project Atlas in the Surat Basin.

This represents a key milestone for the project, allowing for preliminary development of around 100 wells and other infrastructure, and will create up to 150 jobs over the project’s lifespan.

Chief executive officer and managing director of Senex Ian Davies said that he looked forward to engaging with domestic gas customers in the near term.

“The direct award of a petroleum lease for Project Atlas is an innovative solution by the Queensland Government to help address the shortage of new east coast gas supply,” he said.

The approval is a signifanct step in Senex’s plans for expansion in the Basin; in December last year, the company received¬†environmental approval from the Queensland Government for its Western Surat project, which allows for the development of up to 425 wells.

The company expects to finalise all remaining approvals by mid-2019, with first delivery scheduled for late 2019.