Alcoa Hikes Interest in Warro Tight Gas Project

Transerv Energy’s joint venture partner in the Warro tight gas project, Alcoa, has confirmed its commitment to continue with the Warro Project.

This decision endorses the Warro Gas Project as an important initiative to create new supplies of domestic gas for its alumina operations in Western Australia, Transerv said in a ststement.

Alcoa will exercise its right to acquire its additional equity earned by the drilling of Warro-4 and the acquisition of the Warro 3D.  This will bring Alcoa’s interest in the project to 43%. 

The JV has recently applied for a Retention Lease over the Warro Field.  This follows on from the granting of a Location over the field 4 years ago. 

An earlier review had found that the field could hold 3 to 4 trillion cubic feet of recoverable gas.