Killajoules

Gas discovery at Crown in the Browse Basin
Santos today announced a significant gas discovery at the Crown-1 exploration well in WA-274-P, located in the Browse Basin offshore Western Australia.

PNG LNG capacity increased, first LNG on track for 2014; Capital cost estimate increased to US$19 billion
Santos advises that Esso Highlands Limited, a subsidiary of Exxon Mobil Corporation and operator of the PNG LNG Project, has just completed and provided to co-venturers a cost and schedule review for the Project.

Floating LNG facility receives environmental approval
Environment Minister Tony Burke has approved a proposal by GDF SUEZ Bonaparte Pty Ltd and their venture partner Santos Offshore Pty Ltd, to develop the Bonaparte Floating Liquefied Natural Gas Project subject to 15 strict conditions.

Santos announces start of Australia’s first commercial shale gas production
Santos today marked a historic milestone for the Australian resources industry, announcing it has commenced commercial natural gas production from its Moomba-191 shale well in the Cooper Basin.

Santos farms-in as operator to onshore Amadeus and Pedirka Basin permits
Santos today announced the execution of a farm-in agreement across permits in the Amadeus and Pedirka Basins in the Northern Territory.

GLNG brings forward US$2.5 billion of upstream capital expenditure
Santos today announced that US$2.5 billion of GLNG upstream capital expenditure will be brought forward from the post-2015 period. The revised estimated capital cost is US$18.5 billion to the end of 2015. Santos’ net 30% share of the estimated increase is US$750 million.

SK E&S to fund up to US$520 million in carry obligations and contingent milestone payments
Santos today announced that it had entered into an agreement with ConocoPhillips and SK E&S (SK), an affiliate of South Korean conglomerate SK Group, to progress the development of the Caldita and Barossa gas discoveries located in the Timor Sea.

Origin announces major gas sales agreement with GLNG
Origin Energy Limited (Origin) has announced the signing of a binding Heads of Agreement for gas supply with GLNG partners (GLNG), providing Origin with a pathway to monetise its portfolio of fuel resources in line with international oil-linked pricing.

Technip awarded flexible supply contract for Fletcher Finucane development in Australia
Technip was awarded, by Santos Limited, a flexible pipe supply contract for the Fletcher Finucane oil field development, in Western Australia. The field is located in the Carnarvon Basin, offshore North Western Australia, at a water depth of 160 meters.

Santos finds gas at Sangu-11
Santos announced today that Sangu-11 has penetrated a new gas reservoir in the Sangu area with approximately 20 metres of good quality gas pay.