BG Expands Coal Seam Gas Exploration In Queensland
Posted by Big Gav in coal seam gas
Bloomberg has a report on further coal seam gas exploration in Queensland - BG Expands Gas Drilling in Australia Through WestSide Venture.
BG Group Plc, the U.K. natural gas company bidding for Australia’s Pure Energy Resources Ltd., is set to expand its search for reserves in Queensland state, with drilling due to start next month in a venture with WestSide Corp.
An A$8 million ($5.4 million) drilling program between BG’s QGC unit and WestSide will seek to confirm coal-seam gas reserves at the Tilbrook project, which could hold almost 3 trillion cubic feet of gas, Brisbane-based WestSide said today in a statement to the Australian stock exchange. The partners will also explore areas to the north of Tilbrook, it said.
BG is seeking reserves in northeastern Australia to supply a proposed liquefied natural gas export project in Gladstone on the central Queensland coast. It entered two joint ventures with WestSide through the friendly takeover of Queensland Gas Co., which it renamed QGC.
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