Gas Week

EWN Publishing

ARC Kimberley model changes with +$70 oil and $5.00 gas: now for LNG and pipeline to the south

Posted by gasweek on 20 September, 2007

ARC Energy Managing Director, Eric Streitberg, in a paper to the Good Oil Conference in Fremantle, said the ARC Energy model had “all changed” with +$70 oil, and $5.00 gas in Western Australia. “Until two years ago oil was marginally economic and gas was uneconomic. With low oil prices, he said – its current transport method – $20 per barrel trucking to Perth –  plus opex – was  often more than the oil price. Now, ARC now planned domestic LNG, and had moved forward, its plans for its Northern Pipeline, to move gas south.

Canning Basin

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