Gas from the Surat Basin will power one of Queensland’s largest manufacturing companies, supporting 400 jobs and boosting the state’s domestic gas security.
Central Petroleum had been granted an Authority to Prospect – a condition being that gas – if produced – be sold only to the domestic market.
Central Petroleum says it will to one of Queensland’s largest manufacturers Incitec Pivot Limited with gas produced to be used to power the Gibson Island fertilizer plant.
Central is aiming for production by 2022. In the interim, gas to IPL’s Gibson Island plant will come from their assets in the Northern Territory.
Central Petroleum Limited’s acting CEO, Leon Devaney says they were pleased to learn of the grant of the prospective Queensland Surat Basin coal seam gas acreage.
“We look forward to working together with all stakeholders to responsibly develop a successful project that provides much needed gas into the east coast market and contributes to preserving the Queensland manufacturing industry.’’
“We have assembled a highly experienced team at Central that have been deeply involved in the development of the Queensland coal seam gas industry we see today, and we are keen to continue this work together with our partner Incitec Pivot Limited.”
Minister for Natural Resources, Mines and Energy Anthony says that having met all the regulatory requirements, Central Petroleum has been granted approval to explore for gas just six months after being announced preferred tender under Queensland’s Exploration Land Release Program.