Arrow CSG (Australia) Pty Ltd was awarded production licence PL 492, located in the Bowen-Surat Basin, on 13 May 2019.Â  The licence has been awarded for a 30 year period, and will expire on 12 May 2049.  The licence is surrounded by Condabri, Bellevue, McNulty and Avon Downs coalbed methane (CBM) wells and contains several successful Alderley CBM wells.Â Â    PL 492, which covers an area of 230 sq km, was awarded on 13 May 2019. Arrow CSG (Australia) Pty Ltd, a 50:50 joint venture between Shell and PetroChina, holds 100% interest and operatorship of the licence.
Arrow CSG (100%) (50:50 JV between Shell and PetroChina) was awarded production licence PL 492.