Equus Gas Project

The Equus resource has been independently certified at 1.7 Tcf of gas and 38 mmbbls condensate (2C Contingent Resource, RISC 14 October 2025). Originally acquired from Hess Corporation in 2017, the project is wholly owned by Equus Energy.

Equus is designed as a modular, phased tie back development that leverages existing offshore and onshore infrastructure to minimise capital outlay and accelerate delivery. 

The project is uniquely positioned to supply both WA’s domestic gas market and the international LNG market, with multiple opportunities to backfill existing gas processing capacity including at the Woodside operated North West Shelf and Pluto LNG plants and at Santos’ Varanus Island and Devil Creek processing facilities.With both international and WA gas markets facing gas supply shortfalls, the Project is strategically timed to realise the value of its large, discovered resource base.

About Equus Energy  

Equus Energy was established with a clear focus: to transform discovered but undeveloped gas resources into low-cost, low-emission energy solutions that serve both local and global markets. Equus Energy is best known for acquiring the Equus Gas Project from Hess and advancing it as a key enabler of long-term domestic and LNG supply from the North West Shelf.

Operating under a capital-light and partnership-driven model, Equus Energy has developed a strategy that centres on unlocking stranded gas using existing infrastructure to reduce development risk and time to market. The company has signed several significant commercial agreements—including the recent deal with Alcoa—and undertaken regulatory and technical progress toward a Final Investment Decision (FID). Equus Energy plays a growing role in addressing Western Australia’s energy needs, contributing to economic resilience, industrial growth, and energy security through its innovative approach to upstream gas development.