Project Profile
Value: US$650m
Location: Bloodwood Creek site, East coast of Australia
Reserves: 25 PJ per annum
Start-up Year: 2018
The Blue Gum Gas Project will involve an expansion of Underground Coal Gasification (UCG) activities on Carbon Energy’s existing Bloodwood Creek site, and the construction and operation of a Synthetic Natural Gas (SNG) Plant on Carbon Energy’s adjacent Blue Gum property. Pending a decision by Government enabling Carbon Energy to progress the commercial project, Carbon Energy is in discussions with potential foundation customers for the project in order to provide a solid project funding framework. . Based on developing a 25 PJ per annum synthetic natural gas (SNG) processing plant at the Bloodwood Creek site and adjacent Blue Gum property (located approximately 45km west of Dalby in the Surat Basin), approximately US$650m of capital investment would be required at the project sites. The project would support the State economy through generation of around US$9.15m in State revenues annually. Developing the Blue Gum Gas Project will be Carbon Energy’s primary focus across 2015-16, with a goal of producing gas within three years from project commencement. Carbon Energy is the operator of the project with 100% interest.
Operators:
Carbon Energy: Operator with 100% interest
Contractors:
Subcontractors: