Printer friendly Increase font size Decrease font size
Feature image

History

Proud of our past. Confident of our future.

  • History

    2011

    Arrow took a step closer to achieving its planned LNG Plant on Curtis Island, off Gladstone by awarding several major contracts, including: LNG front end engineering design (FEED) contract to the CJV consortium and the Gladstone to Curtis Island tunnel concept select contract to Arup. Arrow took full ownership of Braemar 2 Power Station in July 2011 and in November 2011, received a Beneficial Use Approval from the State Government to use treated coal seam water on irrigated crops at the company's Dalby property, Theten.  In December 2011, Arrow lodged Environmental Impact Statements with the State Government for three of its major projects the Arrow LNG Plant, the Surat Gas Project and the Arrow Bowen Pipeline.
  • History

    2010

    Arrow was acquired in a 50/50 Joint Venture by Royal Dutch Shell and CNPC (PetroChina) in August 2010. While continuing to meet our domestic commitments, Arrow recognised the international demand for cleaner energy. The company sought to develop additional coal seam gas (CSG) reserves in the Surat and Bowen Basins to convert to liquefied natural gas (LNG) at a plant on Curtis Island. As part of the takeover, Arrow's international assets and some acreage in northern New South Wales were moved to a new company Dart Energy Ltd.
  • History

    2009

    Arrow became a top 100 ASX company with a market capitalisation of more than $3bn. Shell purchased a 30 percent interest in Arrow's upstream tenements and a 10 percent interest in its international holding company. With more than 400 staff worldwide, Arrow was working towards its goal of becoming the first global CSG company.
  • History

    2008

    From its four producing fields, Arrow increased its gas supply to 20 percent of Queensland's overall gas production. Arrow acquired 10 percent of Liquefied Natural Gas Ltd and partnered with ERM Power to develop the Braemar 2 power station and accompanying gas pipeline. Arrow also announced a major alliance with Shell to develop resources in Australia and overseas.
  • History

    2007

    Arrow's net CSG production increased 10-fold, with agreements to sell gas across the globe. A Letter of Intent was signed with PetroChina and a 15-year supply agreement was reached with Liquegas Energy, Norway. Arrow also completed a merger with CH4 Gas Ltd, creating one of Australia's largest CSG producers – after just 34 days in Standard and Poor's ASX 300 Index, the company was listed in the ASX 200 Index.
  • History

    2006

    John Reynolds replaced Arrow's founding Chairman William Stubbs in August. Under new leadership the company moved from a pre-production phase to a position where it supplied more than 15 percent of Queensland's gas. Arrow became the first company to drill for CSG in the Surat Basin, an area that was to become a leading gas region.
  • History

    2005

    Arrow raised considerable capital, announcing a $35m development by Beach Petroleum at Tipton West and a funding arrangement at Daandine whereby Alinta would build, own and operate the power station. With a number of other projects in the pipeline, Arrow was on-track to achieve its vision of becoming Australia's number one CSG producer by 2010.
  • History

    2004

    With discoveries at Swanbank (near Ipswich), Mt Lindesay (near Beaudesert) and Boyne River (near Gladstone), Arrow grew from a relatively small explorer to a company ready to build a major gas production portfolio. Further, the pilot project at Tipton West confirms a gas resource of more than 1,000PJs at this site, making it one of the largest onshore continuous gas accumulations in Australian history.
  • History

    2003

    Arrow selected Kogan North, between Dalby and Chinchilla, for its first CSG pilot project. Commissioned in January, the five-well project was closely followed by another at Tipton West, near Dalby.
  • History

    2002

    Exploration activities in the Surat Basin confirmed large CSG reserves within the Walloon Coal Measures. Combined with a CSG pilot project in Kogan North, Arrow emerged as a potentially major player within the Queensland gas market. The company also acquired the remainder of Australian CBM Pty Ltd and BNG Pty Ltd.
  • History

    2001

    Arrow gained a firm footing within the Queensland gas industry, embarking on a major exploration and development project in the Surat Basin and acquiring a controlling interest in Australian CBM Pty Ltd. Further, negotiations commenced with a number of potential gas customers culminating in a development agreement with Queensland's largest electricity generator, CS Energy, for the supply of 4 petajoules of methane gas per annum for 15 years.
  • History

    2000

    Arrow was first listed on the Australian Stock Exchange in August 2000. During this year, the company shifted its focus to discovering economic gas reserves close to existing pipelines, infrastructure and gas markets in Queensland. This strategy led to the company securing rights to all of the eastern Surat Basin and 40 percent of the Clarence Moreton Basin, and priority applications for the Nagoorin and Hillsborough Troughs near Gladstone and Townsville.

  • Pre-2000

    Arrow Energy was formed in 1997 to take up a 12.5 percent interest in an exploration project in the Northern Territory's Timor Seam. This initial project was a joint venture with Santos, Petroz and Beach Petroleum, and proved the first in a long line of projects for Arrow, which has gone on to become a Queensland success story.