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Empire Energy Group acquires gas processing facility

04 Dec 2023 9:59 AM | Stephanie Berlin (Administrator)

Empire Energy acquires fit for purpose gas processing facility to support the Carpentaria project.

  • Empire has acquired AGL Limited’s Rosalind Park Gas Plant (“RPGP”) for $2.5 million in cash
  • This significantly accelerates the path to Carpentaria Pilot Project (“Pilot Project”) production and reduces capital expenditure required to commence gas sales
  • RPGP has a design capacity of 42 TJ / day and supported AGL’s Camden Gas Project until it ceased production in August 2023
  • RPGP is a fit for purpose facility that has passed Empire’s stringent technical due diligence process
  • Empire estimates that the acquisition of the RPGP may result in >$30 million in cost savings and reduce lead time by ~12 months compared to new build alternatives
  • Empire is focused on reaching a final investment decision for the Pilot Project in the coming months 

To view the full announcement, click here.

Source: Empire Energy Group 

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