Santos in another major Barossa contract award

Company News

by Rachael Jones

Santos (ASX:STO) today announced the Barossa project has taken another big step towards a Final Investment Decision early next year with the award of the gas export pipeline contract.

The contract for the engineering, procurement, construction and installation of the 260-kilometre gas export pipeline was awarded to Allseas Group.

The Barossa project includes a subsea production system and gas export pipeline.

The gas export pipeline will tie the Barossa gas field, 300 kilometres north of Darwin, into the existing Bayu Undan to Darwin Pipeline.

Shares in Santos (ASX:STO) are trading 0.8 per cent lower at $7.75.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.