Santos (ASX:STO) has today announced the award of three major engineering contracts for its Barossa offshore project.
The contracts are for the front end engineering and design (FEED) phase of the project
The oil and gas company says the contracts reaffirm the Barossa’s position as the leading candidate for Darwin LNG backfill.
The Barossa gas field, 300 kilometres north of Darwin sits within Santos Northern Australia portfolio, one of the company’s core long life natural gas assets.
Barossa is expected to more than double Santos’ production in Northern Australia.
Shares in Santos (ASX:STO) are trading 1.51 per cent lower to $5.89