Senex upgrades Surat basin gas reserves
Sydney-listed Senex Energy on August 9 announced an increase in its Surat basin gas reserves.
The company released its independently assessed reserves estimates as of June 30, 2021, reporting a 24% increase in Surat basin 1P gas reserves to 261 petajoules and a 290% reserves replacement ratio (RRR) 2P reserves of 767 petajoules, up 4%.
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Senex CEO Ian Davies said Surat basin reserves position follows the successful delivery of its transformational natural gas developments. “Daily production now exceeds 52 terajoules/day (19 petajoules/year) with our near-term growth projects proceeding well towards our targeted five-fold growth in annual production to more than 60 PJe by the end of FY25,” he said.
“The first phase of our Roma North expansion has now been delivered with additional expansion projects nearing FID for both Roma North and Atlas, which will increase portfolio production to 36 petajoules/year,” Davis added.
Atlas project recorded a 46 petajoules, or 15% increase in 2P gas reserves to 270 petajoules, largely attributable to the award of high-value acreage in ATP 2059 adjacent to and extending Atlas development, Senex said.