Santos announces $750 million project
THE massive Santos Roma East project is set to create 400 construction jobs as well as boost the state's gas production to 70 per cent of the east coast supply.
The $750 million project will be developed over the next three years.
Mines Minister Dr Anthony Lynham said Santos' investment in the Roma East Field would mean jobs, business opportunities and royalties for Queenslanders, as well as more gas supply for the Australian market and LNG exports.
"This development will offer jobs as well as significant local business opportunities, with 430 wells to be drilled, 420km of pipelines to be installed and 670km of powerlines to support the new gas infrastructure,” he said.
Santos' executive vice- president onshore upstream Brett Woods said that as a proud Australian company, Santos was delighted to support jobs and investment in regional Queensland.
"The Roma East Project is part of a $900 million capital investment that Santos and our GLNG partners will make in upstream developments in the Maranoa, Western Downs, Central Highlands and Banana regions this year alone,” Mr Woods said.
"This project will add nearly 50 petajoules a year to gas production in Queensland in 2020 - equivalent to about 8 per cent of expected east coast domestic gas demand this year. This is great news for both the domestic gas market and our LNG exports,” he said.
The Roma East project, which started this month, will be developed during the next three years. It involves bringing online another 480 wells, including drilling about 430 new wells.
The project will also include about 420km of water, gas gathering and other pipelines, 120 terajoules per day of additional compression, 670km of powerlines and about 25km of fibre optic cables.
A new water-handling facility for irrigation and more than 200ha of additional irrigation in the Roma area will improve livestock-carrying capacity for some local landholders.
This follows QGC's 2016 $1.7 billion Charlie development, which will also bring more jobs to our communities and further drive economic development in our regions.
"It is a further demonstration that Queensland has the right policy settings as we continue to pave the way for industry to help meet the shortage in gas supply,” Dr Lynham said.