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| AGL Energy (Photo credit: Wikipedia) |
Mike Moraza joined AGL in 1996. He has three decades of petroleum industry experience.
Michael drove the acquisitions of many of AGL’s core assets. He helped develop AGL’s (integrated) business strategy and led the Upstream Gas group since its inception.
AGL's head of upstream gas, Mike Moraza, said the Gloucester decision was ''not a Clayton's approval - this is a formal approval from the Commonwealth, subject to 36 conditions''.
Mr Moraza said two conditions required AGL to develop a new peer-reviewed, numerical hydrogeological model of the project, which would require a lot more data than the desktop model already completed. But he was confident the numerical model would show the project posed ''negligible if not nil risk to the environment and the water resources of the Gloucester area''.
Gloucester has proven and probable reserves of 669 petajoules of gas, compared with just 142PJ at Camden and another 142PJ at its Hunter Gas project. Gloucester is expected to produce about 30PJ a year, compared with the 6PJ/year delivered by the existing wells at Camden, which produces about 5 per cent of the gas used in NSW.
Who is Upstream Gas Group?
They Are AGL's Gloucester Gas Project Headed up by Mike Moraza.
THIS IS AN EXPLANATION on the UPSTREAM / MIDSTREAM and DOWNSTREAM
Upstream, midstream and downstream, though midstream operations are usually included in the downstream category.
1. The upstream oil sector is a term commonly used to refer to the searching for and the recovery and production of crude oil and natural gas. The upstream oil sector is also known as the exploration and production (E&P) sector.
The upstream sector includes the searching for potential underground or underwater oil and gas fields, drilling of exploratory wells, and subsequently operating the wells that recover and bring the crude oil and/or raw natural gas to the surface.
2. The midstream industry processes, stores, markets and transports commodities such as crude oil, natural gas, natural gas liquids (LNGs, mainly ethane, propane and butane) and sulphur.
3. The downstream oil sector is a term commonly used to refer to the refining of crude oil, and the selling and distribution of natural gas and products derived from crude oil. Such products include liquified petroleum gas (LPG), gasoline or petrol, jet fuel, diesel oil, other fuel oils, asphalt and petroleum coke.
The downstream sector includes oil refineries, petrochemical plants, petroleum product distribution, retail outlets and natural gas distribution companies.
The downstream industry touches consumers through thousands of products such as petrol, diesel, jet fuel, heating oil, asphalt, lubricants, synthetic rubber, plastics, fertilizers, antifreeze, pesticides, pharmaceuticals, natural gas and propane. (source: wikipedia)
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