Arrow Energy has sanctioned the commencement of the first phase of its Surat Gas Project (SGP) in southern Queensland, with construction set to begin this year.
Arrow’s sanction decision follows the current announcement from its shareholders, PetroChina and Shell, of a final investment decision (FID) for phase one of the SGP.
Arrow would this year commence construction of more than 600 phase one wells and is on track to deliver first gas from the project in 2021. Over the full 27 year life of the Surat Gas Project, Arrow expects to develop around 5 TCF of natural gas.
Arrow currently operates five gas fields in the Surat and Bowen basins in southern and central Queensland, respectively, and produces the equivalent of more than 40% of Queensland’s total domestic gas demand.
Arrow is the developer and operator of the Surat Gas Project.
