Early start at Scotia project
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.