Investment flows into Queensland resources sector
14 Jun 2017
Investment is flowing into the Queensland resources sector; two new major project developments have recently been announced for the state.
Byerwen, a Joint Venture between OCoal Pty Ltd and Japan’s JFE Steel Corporation, will commence construction work on the Byerwen Coal Project.
Located in Queensland’s north-east, Byerwen will use large-scale open-cut mining to produce hard coking coal, a raw material essential for the production of high-quality coke. Annual production is expected to be expanded to 10mt.
In the second major development, Arrow Energy, an integrated coal seam gas Joint Venture between Shell and PetroChina, will begin front-end engineering design for a major expansion for the Tipton gas field, located some 30 kilometers west of Dalby in the Surat Basin. Planned as a significant upgrade of existing facilities, this expansion will more than double Tipton’s capacity to more than 80 TJ/d.
Arrow Energy CEO, Qian Mingyang, said that the Tipton expansion is expected to involved 90 new wells in the initial phase, and another 180 wells over the next 25 years, along with new gathering lines, an upgraded water treatment facility and four new compressors.
This project follows more than A$600 million in recent investment by Arrow Energy for its infrastructure at the Surat Basin, including A$500 million to expand capacity at the Daandine field.
Arrow Energy now delivers more than 20 per cent of Queensland’s gas from its five coal seam gas fields in the Bowen and Surat basins.