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Tamboran Resources Corporation Announces Commencement of SPCF Commissioning Activities

TBN
  • The Sturt Plateau Compression Facility Trust (SPCF Trust), a 50/50 joint venture between Tamboran Resources & Daly Waters Infrastructure, LP, has commenced gas commissioning using gas from the Shenandoah South 2 pad.
  • The facility serves as key processing infrastructure to deliver gas from the Shenandoah South Pilot Area to the Northern Territory gas market.
  • The SPCF has a total capacity of up to 50 TJ/d, with 40 TJ/d contracted to the Northern Territory Government under a long-term, take-or-pay gas sales agreement.
  • Construction remains on schedule & within the P50 gross budget of A$141 million (approximately US$99 million).
  • During the commissioning phase, the joint venture will sell gas to the Northern Territory Government at a discounted rate consistent with industry practice.
  • All five wells on the Shenandoah South 2 pad are drilled, stimulated, & tied back to the facility, enabling imminent first gas sales of up to 40 TJ/d.
  • The gas sales agreement covers up to 14 years & aims to power Northern Territory businesses & residences while supporting Australia's energy security.
  • Tamboran Resources Corporation holds approximately 2.8 million net prospective acres in the Beetaloo Basin, making it the largest acreage holder in the basin depocenter.