Senex Energy Gets Australian State Funding for Gas Project

Senex Energy will receive A$5.82mn (US$4.48mn) through the South Australian government’s Plan for Accelerating Exploration (Pace) Gas Grant Program which the company believes will help it accelerate gas deliveries from its Vanessa field in the Cooper Basin.

South Australia’s Pace GGP was launched in late 2016 to help secure new and significant gas supplies for the state.

The company’s CEO Ian Davies said that the funding would contribute to the cost of infrastructure to connect the Vanessa gas field with South Australian customers. “This gas project will deliver new gas primarily from the Senex-operated Vanessa field in the northern Cooper Basin to South Australian domestic customers,” Davies said March 17.

Senex recently started drilling the Silver Star-1 gas exploration well in the Cooper Basin. Davies said: “Drilling of Silver Star-1 reflects our commitment to unlocking high risk gas acreage in the Cooper Basin and to delivering more supply for the east coast market.”

Shardul Sharma