Early start at Sco­tia project

The Australian Energy Review - - NEWS -

SAN­TOS has com­pleted com­mis­sion­ing and start-up of the Sco­tia CF1 project in the Bowen Basin, ahead of sched­ule and un­der bud­get. On 26 April, the com­pany said the project had be­gun with ini­tial full field pro­duc­tion of more than 40 ter­a­joules a day, at a to­tal cost of $416 mil­lion, com­pared to the $493m orig­i­nal es­ti­mate. “Site in­fra­struc­ture is also run­ning three months ahead of sched­ule and some of the well com­ple­tions are a year ahead of time,” San­tos chief ex­ec­u­tive Kevin Gal­lagher said. On the same day, San­tos also an­nounced it had sold its non-core Deni­son Trough as­sets in QLD to a con­sor­tium of Shan­dong Or­der Gas Com­pany and Ori­ent En­ergy, for up to $43m.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.