Prometheus Energy signs LNG services agreement with Seneca Resources

Prometheus Energy Group has entered into a long-term master agreement with Seneca Resources to supply LNG and related equipment and services.

The equipment will be used for Seneca Resources to utilise clean-burning natural gas in its drilling operations.

Under the terms of the master agreement, Prometheus will be Seneca Resources’ exclusive turnkey LNG solutions provider.

It will also supply LNG fuel through its North American LNG network, providing onsite mobile LNG storage and vaporisation equipment. It will also provide skilled local technician support to ensure operational reliability of LNG equipment.

The company says the deal will see Seneca get an immediate reduction in fuel costs and air emissions (CO2, SO2, NOX), coupled with the operational.

Prometheus Energy CEO, Ron Bertasi, said, "Prometheus developed the world’s first LNG-fueled drilling rig solutions, and our market leading experience in the LNG-fueled drilling space makes us uniquely capable to address the major challenges of an evolving E&P operation while providing demonstrable value for our customers."

Seneca Resources vice president of Drilling, Steven Conley, said, "We are proud to be the first operator in the Pennsylvania Marcellus to launch such a programme using dedicated natural gas engine technology. And we are equally proud to partner with industry leaders such as Prometheus Energy and our drilling equipment partner Ensign Energy Services."

Seneca Resources is a wholly-owned exploration and production subsidiary of National Fuel Gas.