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Gas exploration company relocates to Adelaide

The South Australian Government will contribute almost $1 million for Strike Energy to relocate its corporate office and headquarters from Sydney to Adelaide, creating 85 new full-time jobs while reinforcing its reputation as the focus of the national gas sector. 

With the company’s primary focus being the rapid commercialisation of a world-scale gas resource in South Australia’s Cooper Basin, Adelaide presented an ideal choice to base its head office.

The relocation will see the creation of approximately 45 FTEs based in Adelaide and 40 FTEs based between Adelaide and the company’s Moomba operations by 2021.

The South Australian Government will contribute $990,000 to support the job creation project via the Economic Investment Fund.

Minister for Transport and Investment, Martin Hamilton-Smith,said,  “This investment is the 20th project the agency has secured since opening its doors less than two years ago. I’m very proud to report that this project sees the agency surpass its key target of 6000 jobs created by the end of 2017.”

Minister for Mineral Resources and Energy, Tom Koutsantonis, said, South Australia is becoming the centre of the nation’s gas sector and to have a company of the calibre of Strike Energy relocate its headquarters to Adelaide is further proof of this.

“Our state is leading petroleum transformation in Australia, thanks to the right geology, policy innovation and excellent investment and regulatory frameworks. The Cooper Basin, where Strike is focusing much of its exploration efforts, is considered Australia’s most prolific onshore oil and gas region and is recognised globally for its untapped gas potential,” Mr Koutsantonis said.

“Gas is essential for industry, and it is also key to driving down power prices across the country. That’s why the State Government is helping companies, including Strike, extract more gas to supply to local generators through our PACE gas grant program.”

Strike Energy Managing Director, Stuart Nicholls, said, “The South Australian Government has been one of Strike’s greatest supporters. The move to Adelaide is both strategic and pragmatic as Strike begins to accelerate its growth ambitions and progress investment in its Southern Cooper Basin Gas Project.”

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