NEW JOBS: Arrow Energy's new Surat Gas project will generate 1000 new jobs for locals.
NEW JOBS: Arrow Energy's new Surat Gas project will generate 1000 new jobs for locals. Contributed

New jobs created with $10B Surat Gas project

DALBY businesses are set for a cash injection after Arrow Energy was given the green light to a new $10 billion Surat Gas project which will create up to 1000 new jobs.

The State Government granted approval for 14 petroleum leases between Dalby and Wandoan to bring an extra 5000 petajoules of gas to market throughout the next 27 years

It is being labelled as the largest new resources project for Queensland in eight years and is tipped to generate 800 construction jobs and 200 operational jobs.

Western Downs suppliers will also benefit from millions of dollars worth of business opportunities during production.

Western Downs Regional Council mayor Paul McVeigh said the gas project was a relief for employees who were suffering through the drought.

"An additional 1000 jobs will be a terrific boost for our strong economy,” Cr McVeigh said.

"In times of drought investment of this kind is even more important, as there are many farmers that will benefit from the additional income that they will receive as compensation from Arrow Energy.”

The leases cover around 2500 km² on blocks between Dalby and Chinchilla in the gas-rich Surat Basin, where major gas projects are already operated by Origin, Santos and QGC.

Dalby Chamber of Commerce president, Rohan May, told the Herald the town will experience positive flow in effects.

"We're really excited by the Arrow announcement,” Mr May said.

"It's not only the jobs that come with the construction and operation of the new wellheads, it's the support services.”

Arrow Energy CEO Mingyand Qian said the economic benefits were far beyond anything the region had seen before.

"The approval of these petroleum leases is a critical milestone in Arrow deliver- ing five trillion cubic feet of gas into the market. It's a positive step for Arrow and for Queensland,” he said.