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Incitec Pivot Announces Development of Qld Gas Tenement Acreage On Hold

27 Mar 2020  |  10:37:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Development of Queensland Gas Tenement Acreage On Hold

Incitec Pivot announced that the 50/50 JV project concerning the coal seam gas acreage (ATP 2031) in Qld's Surat Basin has been temporarily paused at the request of its partner Central Petroleum. The oil and gas sector has been impacted by logistical disruptions caused by the COVID-19 pandemic, as well as disruptions to the global oil and domestic gas markets.

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