Santos gives green light to $4.7b new gas field off Australia

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 Santos, one of Australia’s largest oil and gas producers, has given the go-ahead to its $4.7 billion Barossa gas project north of Darwin after its plans were put on hold last year amid the coronavirus-driven market crash.

The green light for the offshore gas and condensate project also kickstarts a $US600 million ($786 million) investment in the Darwin LNG plant’s life extension and pipeline projects, which will extend the facility life for around 20 years, the company said.

https://www.smh.com.au/business/companies/santos-gives-green-light-to-4-7b-new-gas-field-off-australia-20210330-p57f4e.html



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