Allens has advised Warrego Energy Limited (Warrego) on a binding Heads of Agreement with its venture partner, Strike Energy Limited (Strike), for the joint development of the West Erregulla gas field, and in relation to a long term gas sales agreement (GSA) with Alcoa of Australia Limited.
The Heads of Agreement provides for an agreed pathway for the development of Phase 1 of West Erregulla, leading up to a final investment decision for a 80TJ/d project supplying the domestic market.
'We were delighted to work with the Warrego team to formalise an aligned pathway for the development of the West Erregulla gas field and to have advised on a significant foundation gas sales agreement which will assist to underpin that development,' said lead Partners Tracey Greenaway and Igor Bogdanich.
The GSA, for the long term supply of a total of 155 petajoules of natural gas from the field, will commence on 1 January 2024, subject to a positive project final investment decision.
Allens legal team
Tracey Greenaway (Partner), Igor Bogdanich (Partner); Anne Nguyen (Managing Associate) and Kate Fitzsimons (Associate)