Australian energy firm Santos has reportedly said that a final investment decision for the ConocoPhillips-run Barossa Caldita offshore project could be made in 2018.
Barossa and Caldita is a multl-tcf gas discovery being worked on by ConocoPhillips and partners to feed the Darwin LNG plant. Santos is a partner with 25%.
The fields are located in the Timor Sea, in Australia’s Bonaparte Basin.
According to Reuters, Santos Managing Director Kevin Gallagher said on Friday that the final investment decision could be made in late 2018 or early 2019.
In its quarterly presentation on Friday Santos said that appraisal drilling at the project started early 2017 and “pre-FEED activities and regulatory approvals are being progressed.”
Santos said the plan was to progress Barossa-Caldita as candidate for Darwin LNG plant backfill with 2 Barossa appraisal wells in 2017.
Offshore Energy Today Staff