Arrow targets start date for $10b gas project

Almost 10 years after they acquired Queensland gasfield developer Arrow Energy, Shell and PetroChina have finally given the green light for the first phase of the $10 billion development of Arrow's resources, shrugging off the oil price slump that has slashed spending across the sector.

The Australian Financial Review is reporting more than 600 wells will be drilled in the first phase, of more than 2500 anticipated across the 3-5 phases of the 27-year project. 

Construction is to start this year, with gas to flow in 2021. Although only 200 jobs would be created during the initial phase of the project, a further 800 jobs would be created down the track, in operations and future construction work.

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