Oz Senex Ups Surat Basin Reserves by 21%
Sydney-listed Senex Energy on July 14 announced a 21% increase in Surat Basin 2P gas reserves to 739 petajoules (PJ) (19.73bn m3) as of June 30.
Appraisal and development drilling results at Atlas have driven a 62% increase in 2P gas reserves to 234 PJ, with Roma North production driving a 10% increase in 2P gas reserves to 283 PJ.
Senex Managing Director and CEO Ian Davies said Senex’s major Surat Basin reserves upgrade followed the successful delivery of its transformational natural gas developments.
“FY20 was a year focused on successful execution of our A$400mn Surat Basin developments, which delivered outstanding project delivery performance, continued gas production outperformance, and now material upgrades in booked natural gas reserves,” he said.
Surat Basin natural gas reserves upgrades have been driven by “excellent appraisal and development drilling results at Atlas and continued Roma North production outperformance”. Daily production has increased from about 7 terajoules (TJ)/day at the start of FY20 and now exceeds 37 TJ/day, tracking rapidly towards Senex’s initial production target of 48 TJ/day, Senex said.