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Article: Indonesia: Shell Partner Arrow Targets 10-Fold Gain in Gas Output by 2015.
- Article from:
- TendersInfo
- Article date:
- September 26, 2009
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Arrow Energy Ltd., Royal Dutch Shell Plc s Australian coal-seam gas partner, will start drilling in Indonesia and may expand in Europe and Southern Africa as it pursues a 10-fold jump in production by 2015.
Arrow s strategy is to get as much quality acreage as quickly as we can, before it becomes of interest to everyone else, Chief Executive Officer Nick Davies said in an interview. Arrow targets annual production of more than 200 petajoules, with about 25 percent of that from outside Australia, he said. Output now is about 20 petajoules, said spokesman Andrew Barber.
Brisbane-based Arrow has surged 65 percent in six months in Sydney trading, partly on ...