September 2021

KEY POINTS
Western Downs regional spend increased $4.7million to $20.7 million in the 12 months to June 2021.
Indigenous business spend increased from $110,000 to $2.7million in the same period.
Continued spend increases are due for the 2022 financial year as more contractors mobilse for the Surat Gas Project.

Spending jumps as SGP kicks off

Arrow Energy’s spending with southern Queensland-based businesses took a significant year-on-year jump in the 12 months to June 2021.

Payments to Toowoomba-based companies increased from just under $1.9 million to $8.3 million.

In Western Downs Region, the jump was from $4.7 million to $20.7 million.

Arrow’s spend with Indigenous businesses went up from $111,000 to $2.7 million in the same period, including certified professional Indigenous business Moec Pty Ltd, which has been engaged as a sub-contractor on two SGP tasks: the Daandine letdown system and the up-coming David inlet processing facility.

The change in spending reflects the start of Arrow’s Surat Gas Project (SGP). The first, 600-well phase of SGP was sanctioned by Arrow’s shareholders in April, 2020, with on-ground construction beginning last October.

In FY21, Arrow Energy continued its ongoing operations and maintenance work streams ramped up SGP.

More than 99 per cent of Arrow’s spending is with companies in Australia and New Zealand. Queensland alone attracted 39 per cent of the spend, or about $95 million.

In FY22 and beyond, these numbers will increase as contractors continue to mobilise for the SGP.

These figures are for money spent with other companies and individuals; they do not include payments to Arrow’s own, significant Dalby-based workforce – many of whom are permanent residents in either Toowoomba or the Western Downs.