BEST OF THE WEST
TWO leading oil and gas exploration and production companies in the Maranoa delivered regional updates at the Toowoomba Surat Basin Enterprise evening in Roma last week.
Alongside Senex chief operating officer Darren Greer and Santos regional manager Andrew Snars, Councillor Cameron O’Neil spoke on behalf of Maranoa Regional Council.
With only 160 personnel on the books, Mr Greer said Senex was a small but growing company.
“Unfortunately we’re not burdened by a portfolio of global projects, so the two projects we’ve got have to work,” he said.
As well as existing oil fields in the Cooper Basin, Senex is in phase 2 of its Western Surat Gas Project.
“We’re going to drill 30 new wells and, ultimately, we’re looking at 425 wells over the next five years.
“Once we finish our current phase two, we’ll move into phase three, which will be the first major scale development, which will include some processing facilities, more earthworks, more wells and more infrastructure for us,” Mr Greer said.
Regional manager for Santos Andrew Snars spoke about the recent change in the gas industry.
“The natural gas industry is certainly going through a tough time and Santos has had to respond, just like everyone else, which has meant a lot of changes to adapt to our low-cost operating environment.”
Despite that, Mr Snars said Santos’ place in the Maranoa was fixed.
“Excluding salaries for staff, Santos’ procurement was $73 million in the Maranoa for 2015/16.”
TOUGH TIMES: Santos' Andrew Snars, Councillor Cameron O'Neil and Senex's Darren Greer at the Roma Enterprise Evening on behalf of TSBE.