WA Company Snaps Up Equus Gas Project from Hess

Source: www.gulfoilandgas.com 11/13/2017, Location: Not categorized

A newly formed WA company has acquired the undeveloped Equus gas project off the North West from US energy company Hess with a view to supplying domestic gas to the State.

Privately-owned Western Gas said the timing was right to develop the field given the Australian Energy Market Operator had warned of the risk of a shortfall of WA domestic gas after 2021.

Hess last year put on hold the development of Equus, located in the western fringes of the Carnarvon Basin and estimated to contain about two trillion cubic feet of gas.

Western Gas executive director Andrew Leibovitch said that was enough gas to supply one-quarter of the State’s domestic demand for more than 20 years.

He said Equus was development-ready with exploration and appraisal already completed and engineering activities at an advanced stage.

The Equus gas project is located in WA-390-P.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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