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Barossa partners to invest up to A$10mn in Aboriginal communities

The funding, to be allocated as the Barossa gas project advances, will focus on improving the overall well-being of Aboriginal people in Australia s Northern Territory. ....

Northern Territory , South Australia , Kevin Gallagher , Darwin Lng , Darwin Lng Facility , Gas Project Advances , Santos Ceo , Community Infrastructure , Gas Project , Australian Court , Offshore Gas ,

Santos awards contract to WSG Eftech

Eftech WSG has been awarded a contract by Santos to provide flange management services during the Darwin LNG life extension project. ....

South Australia , Mandy Manning , Beach Energy , Managing Director , Sg Eftech , Darwin Lng , Oil And Gas , Natural Gas ,

Santos completes sell-down to SK E&S


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Santos has announced it has completed the sell-down of 25% interests in Bayu-Undan and Darwin LNG to SK E&S, which is also a partner in Barossa.
The sell-down resulted in net funds to Santos of US$186 million at completion, being the sale price of US$390 million less the cashflows from the 25% interests from the effective date of 1 October 2019 to completion.
Santos Managing Director and Chief Executive Officer Kevin Gallagher said he was delighted to formally welcome Barossa joint venture partner SK E&S as a partner in Bayu-Undan and Darwin LNG.
“The sell-down to SK E&S is in-line with our strategy of disciplined growth while maintaining a strong balance sheet by managing equity levels in our growth projects consistent with disciplined capital management,” Mr Gallagher said. ....

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