Scandoil  

Senex and Origin Energy agree Cooper Basin gas farm-out


Published Feb 25, 2014
Senex Energy Limited-3

Senex Energy Limited and Origin Energy Limited have agreed to evaluate tight gas sands in key areas of South Australia's southern Cooper-Eromanga Basin involving a work program of up to $252 million.

FOCUSED ON COMMERCIALISATION

The parties have agreed a two-stage work program totalling $185 million with additional work program expenditure of up to $67 million, which is subject to operating committee approval. The first stage will evaluate the potential of the tight gas sands, provide exposure to shales and deep coal seams, and provide proof of concept. The second stage will evaluate the commerciality of the gas resource by undertaking extended flow testing through separate pilot programs.

Tags: Origin Energy, Senex Energy Limited




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