Santos awards three engineering contracts Barossa project

Company News

by Anna Napoli

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
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.