Western Gas, which was formed only a few weeks ago, acquired four permits and retention leases from Hess Corporation, comprising 11 gas and condensate fields with an independently certified resource of more than 2 Tcf of gas and 42 MMbbl of condensate.
“The Equus Gas Project is development ready with exploration and appraisal already completed, engineering activities at an advanced stage and, with a resource of more the 2 Tcf, has enough gas to supply one quarter of Western Australia’s domestic gas demand for more than 20 years,”? said Western Gas Executive Director Andrew Leibovitch.
“Equus provides a great opportunity for the timely development of Western Australia’s discovered gas reserves to meet the needs of local gas customers, particularly when the eastern states of Australia are experiencing a major energy crisis and exploration in decline.”?
The Equus Gas Project is strategically located in the North West Shelf, surrounded by world-class infrastructure, production facilities and pipelines, providing access to Western Australia’s large scale gas market.
The permits and lease comprise WA-390-P, WA-474-P, WA-518-P, WA-519-P and WA-70-R located offshore in the Carnarvon Basin, about 200 kilometres north-west of Onslow in Western Australia.