- CEO
- Roland Wessel
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 11 Lucknow Place West Perth WA Australia 6005
- IPO Date
- Sep 14, 2009
- Business
- Synergia Energy Ltd (AIM: SYN, OTC: OIEXF) is an Australia-based upstream oil and gas company focused on the exploration, appraisal, development, production and sale of natural gas alongside carbon capture and storage (CCS) project development. The company identifies and develops natural gas assets from proven gas fields or exploration prospects in established basins, with a strategic emphasis on carbon-neutral gas production through CCS integration; its principal assets include a 50% interest in the Cambay gas field, spanning 161 square kilometers in the onshore Cambay Basin of Gujarat State, India, producing gas sold to domestic industrial customers, and a 100% interest in the Medway Hub CCS project in the UK Southern North Sea, which involves transporting liquefied CO2 emissions from coastal combined cycle gas turbine power stations and European carbon hubs via marine tanker to a floating injection, storage and offloading vessel for injection into the depleted Camelot gas field and overlying Bunter saline aquifer, targeting up to 6.5 million tonnes of annual CO2 storage. Synergia Energy Ltd, founded in 1997 and headquartered in West Perth, Australia, operates primarily in India and the UK. In recent developments, the company entered a joint venture with Selan Exploration Technology Ltd effective August 2024 under which Selan funds a US$20 million work programme at Cambay—including workovers of wells C-70 and C-63, plus drilling of two vertical wells and a multi-stage fracked horizontal well to boost production—while serving as lead operator; Harbour Energy plc withdrew from the Medway Hub following its acquisition of Wintershall Dea in September 2024, leaving Synergia seeking replacement partners amid ongoing well integrity studies; and in July 2025, Synergia signed heads of terms with Selan for the potential sale of its remaining 50% Cambay interest, subject to formal agreements.