Territory energy industry takes another positive step forward with strong gas flow results
Excellent flow rate results from Mereenie Joint Venture (JV) partners, including JV operator Central Petroleum, at the West Mereenie 29 (WM-29) well in the Amadeus Basin have been announced.
The gas flow rate from the WM-29 well is double pre-drill expectations, with production expected to reach 6 terajoules of gas per day (Tj/d).
This achievement, which was announced on the ASX this week, highlights the critical role the energy sector plays in the Territory's economy, providing vital energy to support business and industrial growth, while providing energy autonomy and security for the Territory and the nation.
The energy sector is crucial and forms the lifeblood of Territory businesses and industry, with gas and associated royalties flowing from the Amadeus Basin in Central Australia and soon to flow from the Beetaloo Sub-basin,.
Gas sales to the NT have already commenced, delivering much-needed energy to fuel the growth of our economy and population.
The Mereenie gas field, which has been providing energy to Territorians for over 30 years. We are excited to see the upcoming completion and flow results of the West Mereenie 30 (WM-30) well, which are expected in the coming months.
This is a significant step in ensuring that the Territory’s energy needs are met while driving economic growth and creating jobs for the future.
