In 2019 Senex delivered total production of 1.20 mmboe, compared with 0.84 mmboe the year before. This included more than 0.3 mmboe from the Roma North development.
In the Cooper Basin, Senex continued to benefit from the success of the Growler horizontal development wells and Snatcher North, with base oil portfolio production in line with expectations.
In the Surat Basin there was no material change in reserves after taking production into account. Movement in Cooper Basin 1P and 2P reserves after production was minor, with small revisions made across several fields based on individual performance and field development plan updates.
Senex’s major development focus in the near term is developing Surat Basin reserves, including development drilling in the Glenora and Eos blocks (Roma North) and for Project Atlas. Plans for current development and future expansions of these blocks will bring an estimated 304PJ (52 mmboe) of 2P gas reserves into the market.
Senex’s annual estimate of reserves and contingent resources is independently certified by DeGolyer & MacNaughton and Netherland Sewell Associates. The 2019 reserves statement can be read here.