Mereenie project moves ahead

CENTRAL Petroleum and its joint venture partner Macquarie Group will proceed with their Mereenie gas project after the ACCC approved joint marketing arrangements.

The development includes drilling of WM26 and an immediate $12 million upgrade of the processing plant, aimed at increasing capacity from 25 terajoules per day to 63Tj/day.

In late March, Central announced an Ensign rig was making its way to the site in preparation for the start of a three-well drilling program to commence in April.

The plant upgrade was also expected to be complete by December.