https://www.miningweekly.com
Export|Gas|LNG|Oil And Gas|Oil-and-gas|PROJECT|Storage|Infrastructure
Export|Gas|LNG|Oil And Gas|Oil-and-gas|PROJECT|Storage|Infrastructure
export|gas|lng|oil-and-gas|oilandgas|project|storage|infrastructure

Santos completes Barossa deal with JERA

29th April 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Oil and gas major Santos has completed the sale of a 12.5% interest in the Barossa project to JERA, following the completion of all regulatory approvals.

Santos in January struck a binding sales and purchase agreement with JERA, which is an existing partner at Darwin liquefied natural gas (LNG).

Cash proceeds to Santos at completion of the transaction were $327-million.

The Barossa gas and condensate project to backfill Darwin LNG was 33% complete at the end of March and remains on schedule and budget for first production in the first half of 2025.

The Barossa project took a final investment decision in March 2021 and is progressing on schedule and budget for first LNG in the first half of 2025.

The project comprises a floating production, storage and offloading vessel, subsea production wells, supporting subsea infrastructure and a gas export pipeline tied into the existing Bayu-Undan to Darwin LNG pipeline.

Participants in the Barossa project are Santos, with a 50% interest, SK E&S, with a 37.5% interest, and JERA with its 12.5% interest.

Edited by Creamer Media Reporter

Comments

Showroom

Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.073 0.107s - 109pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: