Strike Energy and Talon Energy, partners of the Walyering gas project in the Perth Basin, Western Australia, have declared the project’s final investment decision (FID). Strike Energy has disclosed an estimated capital expenditure (CAPEX) of US$10.2m.
Development of the onshore gas field will take place with the completion of the Walyering 5 and 6 wells, discovered in December 2021 and May 2022, respectively.
Gas output is scheduled for early 2023, with offtake contracts to be concluded until the end of 2022.
Strike Energy operates Walyering with a 55% stake, while Talon Energy holds the remaining 45% share.
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