Senex locks in $30m Roma gas expansion
SENEX has taken a Final Investment Decision to increase its gas production near Roma by 50 per cent, investing at least a further $30 million in the region.
About 50 construction jobs are set to be created in the multimillion-dollar expansion of the natural gas processing facility at the Roma North development, drilling of wells and construction of supporting infrastructure.
The expansion is expected to be finished within the next year.
The announcement comes after Senex said last month it was set to create 100 construction jobs and support hundreds of manufacturing roles after winning a competitive tender for gas acreage that will expand its successful Atlas domestic gas project 50 per cent.
Leading energy infrastructure company Jemena intends to build and fund the expansion of the processing facility at Roma North and has already placed orders for long-lead items.
Senex created 250 construction jobs and invested $400 million in completing the company’s Atlas and Roma North projects in the Surat Basin during the past 18 months, benefiting more than 50 businesses.
The projects are now delivering much-needed gas to the east coast market, including manufacturing companies and the hundreds of people they employ in Queensland.
The natural gas produced by Senex also supports the regional economy and generates royalties for the State Government to support roads, schools and hospitals.
Managing director and CEO Ian Davies said Senex had been encouraged by bipartisan support for the gas industry in Queensland and the instant asset write-off announced in the Federal Budget last week.