Oz Senex Wraps up Roma North Drilling Run

Australian oil and gas explorer Senex Energy has completed the current Roma North drilling campaign in Surat Basin in Queensland, it said March 2 in a statement.

Senex CEO Ian Davies said the company’s work programmes and project execution remain on track despite a volatile market backdrop. “We are very pleased to have successfully completed the current Roma North drilling campaign. With production nearing the plant’s initial capacity of 16 terajoules/day, we are currently reviewing requirements for future drilling,” he said. At Roma North, Senex has drilled 35 wells in the current programme.

The company is now focused on completing the Atlas drilling campaign by the end of FY2020, he added. “Atlas production continues to ramp, with 95% of expected volumes for the calendar year 2020 contracted to high-quality customers at fixed prices. Senex is in a very strong financial position, with revenue well protected from oil price declines through a proactive and material oil hedging program strong fixed-price gas contracts from Atlas.”