Oil and gas producer Senex Energy has unveiled plans to more than double its production over the next four years.
Senex Energy wants to more than double its oil and gas production over the next four years.
Drilling for unconventional gas in South Australia is also set to start in the final quarter of 2015/16, chief executive officer Ian Davies told an investment conference on Wednesday.
He said the company planned to more than double its oil and gas reserves and production over the next four years.
Senex is a major player in South Australia’s Cooper-Eromanga Basin and holds coal seam gas tenements in Queensland’s Surat Basin, operating a total of more than 27,000 square kilometres.
Mr Davies said the energy market was buoyant with high oil and gas prices along the country’s east coast.
In 2014, 30 wells were drilled, 26 of which were cased and suspended for production or future testing.