Seems Arow Energy of which Shell is a major shareholder just committed to a further 450 wells, following the 550 already drilled from 2020 when they committed $2B to drill the extra wells, and now a few billion $$$ more is needed.
It can only do that if it's got somewhere to put that brine and then be able to process it.
Seem's the FEED is even more on the cards.
This is in the news this morning in the Financial Review.
Arrow signed a 27 year offtake agreement with QGC to sell the gas so gas is here to stay and it's expanding to meet Australia's and the world's energy needs.
Looking forward to the next 4 months.
Mr M.
Seems Arow Energy of which Shell is a major shareholder just...
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