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Santos starts phase 3C infill drilling at Bayu-Undan May 25, 2021 3:36:am Summary The programme will help to extend field life as well as production from the offshore facilities and the Darwin LNG plant. by: Shardul Sharma Posted in: Santos starts phase 3C infill drilling at Bayu-Undan Santos on May 25 announced the start of the phase 3C infill drilling programme at the Bayu-Undan field, in Timor-Leste offshore waters. The programme, given a final investment decision in January this year, comprises three production wells and will develop additional natural gas and liquids reserves, extending field life as well as production from the offshore facilities and the Darwin LNG plant. ....
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. ....
Oz Santos Reports $357mn Net Loss Feb 18, 2021 3:21:am Summary by: Shardul Sharma Posted in: Oz Santos Reports $357mn Net Loss Australian oil and gas explorer Santos on February 18 reported a net loss of US$357mn during the 12 months to December 31 thanks to lower oil prices. It had recorded a net profit of US$674mn in the previous year. “The reported net loss after tax of US$357mn includes the previously announced impairments, primarily due to lower oil price assumptions,” it said. Despite the net loss, the company delivered an underlying profit, which removes one-time charges, of US$287mn, down 60% year/year. ....