Orica, Strike ink off-take deal

Orica will get access to 150pj of gas over next 20 years by part funding Strike's Copper Basin project.

Orica Ltd and Strike Energy Ltd have struck a gas off-take deal that will see Orica get access to 150 petajoules of gas over the next 20 years or so by part-funding the commercialisation of Strike’s coal seam gas project in the southern Cooper Basin. 

The groups described the deal as an "innovative risk-sharing arrangement". 

Under the deal Orica subsidiary Orica Australian Pty Ltd will make gas pre-payments of up to $52.5 million in exchange for its gas off-take. 

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