https://www.miningweekly.com

Santos looks to up Cooper basin output

7th June 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Joint venture partners Santos and Beach Energy will work to boost gas supply from the Cooper Basin, bringing a fifth drilling rig into the basin and optimising well connections.

Santos said this week that the programme of works was aimed at delivering an additional 15 TJ/d of gas by the end of the year to the domestic market.

Santos MD and CEO Kevin Gallagher said Santos continues to support Australian industry through the delivery of competitively-priced domestic gas.

“Santos will invest more than $300-million (A$4300-million) in the Cooper basin this year developing and supplying critical fuels such as natural gas for our customers,” Gallagher said.

“This investment will deliver more gas to the domestic market, which is desperately needed. Recent domestic gas supply and price pressures have been caused by a spike in gas-fired power generation to back up renewables and to replace the 30% or more of coal-fired power generation that has been offline or not operating since early May.

“This incremental investment in the Cooper basin fits with our low cost, disciplined operating model and builds on Santos’ commitment to meeting the fuel needs of our customers.”

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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