The ATP2046 is a coal seam exploration tenure spread over 18km2 site located 22km south‐west of Chinchilla, adjacent to the Talinga Project owned by APLNG providing path to market the produced gas.
Image: The first gas from the ATP2046 block is expected to be delivered by mid‐2021. Photo: Courtesy of Armour Energy.
Australia-based natural gas developer and producer Armour Energy, along with its joint venture partner Australia Pacific LNG (APLNG), has secured the authority to prospect ATP2046 from the Queensland Department of Natural Resources, Mines and Energy (DNRME).
Armour Energy holds 10% ownership and APLNG holds 90% ownership and serves as operator for the joint venture.
The company said that the ATP2046 is a coal seam exploration tenure spread over 18km2 site located 22km south‐west of Chinchilla.
In addition, the block is part of the national tender for gas, an initiative by the Queensland Government, under which the gas is designated to be supplied exclusively to Australian domestic manufacturers.
As a part of the joint venture, APLNG is expected to operate the tenure, while both parties are enabled to market their share of produced gas independently.
The ATP2046 is located adjacent to the Talinga Project owned by APLNG, and the close proximity to Talinga provides an existing path to market the produced gas. Armour is in search of potential gas buyers, satisfying the conditions of the tenures.
Armour Energy CEO Roger Cressey said: “Armour is extremely pleased that this project is rapidly moving ahead, and we are excited to support the Queensland Government in this unique approach to gas supply to Australian manufacturers.
“As 42% of Armour’s shareholder base are fellow Queenslanders, we see this concept for local gas development as a tremendous boost to the State in terms of local energy supply, local manufacturing and local jobs, whether these jobs are a part of the gas field’s development or within the downstream manufacturing sector which has clearly expressed a need for certainty around obtaining reliable and affordable long‐term gas supply options for their business needs.”
The first gas from the ATP2046 block is expected to be delivered by mid‐2021 and the company is actively engaged in identifying local manufacturers to supply the gas with planned long‐term secure GSA’s.