Families hit hard as CSG company slashes workforce
A MAJOR coal seam gas company with sites across the Darling Downs has cut 150 paid roles from its ranks of staff, contractors and secondees this week.
Arrow Energy's cuts are believed to have affected more than a dozen families in Dalby, though the worst of it was felt in Brisbane.
The Surat Basin will remain a focus for the company, however it is understood that production has proved challenging in the Bowen Basin.
The company stated the deeper and tighter coal seams meant that "recent wells are not performing as expected".
"Additional work is required to underpin value in Arrow's investment proposal to shareholders. Until it is completed, the impacts on project schedule are unknown," the statement read.
After calling off its plans to construct an LNG plant on Curtis Island, Arrow said in a statement that it "continues to investigate development options in the Bowen and Surat Basins" and would retain an interest in selling LNG internationally.
Arrow Energy currently supplies nearly 20% of Queensland's gas requirements.
There is significant work under way in the Surat Basin - Arrow is finalising the $250 million expansion of its Daandine gas processing facilities west of Dalby.