Tamboran Resources has announced that the Tamboran/Sheffield JV has entered into a 10-year Gas Sales Agreement for up to 36.5 PJ per annum (18.3 PJ per annum net to Tamboran) with energy retailer Origin.
This follows a MOU executed in June 2022 with gas pipeline operator, Jemena, to enable Tamboran to contract ~100 TJ per day of firm capacity through the Northern Gas Pipeline, subject to applying NGP Access Principles, under a long-term gas transportation agreement.Tamboran Resources’ pure focus is on its acreage portfolio in the Beetaloo/McArthur Basin in the Northern Territory, where it is the largest acreage holder with ~1.9 million net prospective acres, held through 100% owned properties and two joint ventures – one with Santos and the other with Falcon Oil & Gas and Daly Waters Energy LP (Sheffield).
Through these interests, the Company holds net 2C contingent resources of ~1.5 trillion cubic feet (TCF).
The Beetaloo Basin is located in the Northern Territory of Australia, approximately 600 kilometres south of Darwin. Being proximal to a major industrial hub enables relative logistical and operational luxuries, like close access to key infrastructure through roads, a pipeline and a railway.
Its location means efficient access to Australian markets and beyond, with the northern port city of Darwin and the Eastern Seaboard of Australia to the east through Queensland.
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