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.