Senex agrees FID for Roma North expansion

Senex Energy announced the Final Investment Decision (FID) for expansion of natural gas production at Roma North by 50 per cent, which is expected to be online in Q1 FY22.

Under the terms of the Roma North agreement, Jemena will procure and install two additional compression units to take capacity to 24 TJ/day, having already placed orders for all long-lead items..

Senex will drill up to 15 additional natural gas wells commencing in late FY21, install gas and water gathering systems and expand the existing Senex-owned Roma North water infrastructure.

Senex Managing Director and CEO Ian Davies said the Roma North expansion project is an excellent example of the low-risk, high-return organic growth opportunities available to Senex with its established hub-and-spoke infrastructure operating model.

“This investment follows strong project execution and natural gas production performance at Roma North, with reservoir performance and well availability continuing to excel.

“Senex and Jemena have proven ability to partner to efficiently deliver natural gas projects, with the Roma North expansion representing our first investment to accelerate development of Senex’s significant Surat Basin natural gas reserves."

Natural gas production from the Roma North expansion will continue to be delivered to GLNG under the existing 15-year gas sales agreement (GSA).