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Santos, Eni to share gas infrastructure

Santos, Eni to share gas infrastructure
May 3, 2021 4:02:am
Summary
The companies will look at sharing infrastructures associated with the gas fields offshore northern Australia, pipeline to Darwin and onshore associated gas processing.
by: Shardul Sharma
Posted in:
Santos, Eni to share gas infrastructure
Santos on May 3 said it had signed a memorandum of understanding (MoU) with Italy s Eni to cooperate on opportunities in northern Australia and Timor-Leste. The areas of cooperation include sharing infrastructures associated with gas field developments around Barossa and Evans Shoal, pipeline to Darwin and onshore gas processing leading to LNG expansion developments.
The MoU also includes investigating options to re-purpose the Bayu-Undan facilities to extend the life of the project, including a carbon capture and storage (CCS) project, subject to the agreement of the Timor-Leste government. ....

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Santos completes Bayu-Undan, Darwin LNG sell down

Santos completes Bayu-Undan, Darwin LNG sell down
Australia s Santos on April 30 said it had completed the sell-down of 25% interest in Bayu-Undan field in the Timor Sea and Darwin LNG project to South Korea s SK E&S, which is also a partner in Barossa.
The sell-down resulted in net funds to Santos of US$186mn at completion, being the sale price of US$390mn less the cashflows from the 25% interests from the effective date of October 1, 2019, to completion, the company said.
Santos and SK E&S have also signed a memorandum of understanding to jointly investigate opportunities for carbon-neutral LNG from Barossa, including collaboration relating to Santos’ Moomba CCS project, bilateral arrangements for carbon credits and potential future development of zero-emission hydrogen. ....

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