Regional gas project announced

EXPLORING FOR GAS: The Beach Energy gas rig set up for the Haselgrove-3 conventional drilling program. Commercial quantities of gas were discovered. Picture: SANDRA MORELLO

PETROLEUM giant Beach Energy will pour over $60m into the Limestone Coast early next year as it ramps up three major gas projects.

Projects in the pipeline include the $30m rebuild of the Katnook gas processing plant and two new conventional drilling programs, each worth about $14m.

The news comes as the company foreshadows all three projects will begin in the first quarter of 2019.

The Penola district is rapidly becoming a hotspot for new gas drilling projects amid predictions Lakes Oil NL proposed a conventional drilling project – known as Nangwarry-1 – could potentially be

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