Santos Provides Updates on its Upstream Oil, Gas Development Projects

Australia's oil and gas exploration and production company Santos Ltd. provided an update on the firm's local and foreign upstream development projects when it reported on third quarter results Friday.

The Dua oil project, located in Block 12W in the Nam Con Son Basin off Vietnam, is over 65 percent complete, with first oil targeted for the first half of 2014. The floating production storage and offloading (FPSO) modifications, riser pull-in and spool tie-in activities have been successfully completed and tested. The West Telesto (400' ILC) jackup is expected in the field in the fourth quarter.

In Indonesia, Santos said the Peluang gas project in the Maleo gas field, offshore East Java, is over 30 percent complete and production is scheduled to commence in the first half of 2014. The project, which is being developed as a tie-back to the existing facilities at the nearby Maleo field, will include one horizontal gas well, a minimum facility stand-alone wellhead platform and a pipeline to the Maleo platform. Fabrication of the wellhead platform and equipment skid packages is nearing completion, and preparation for offshore installation is progressing. When completed, the Peluang gas project is anticipated to reach a gross peak production of 25 million standard cubic feet per day (MMscf/d).

Santos reported that the $19 billion Papua New Guinea (PNG) liquefied natural gas (LNG) project is over 90 percent complete and first LNG remains on track for the second half of 2014. Construction continues to progress at the LNG plant and upstream locations, and commissioning activities are now underway. Around 404 miles of onshore and offshore pipeline between Kutubu and the LNG plant is now in operation and construction is progressing on the remaining section of onshore pipeline between Kutubu and the Hides Gas Conditioning Plant. Commissioning is also being ramped up at the LNG plant, while the LNG loading jetty is mechanically complete and final commissioning is in progress.

Santos also indicated that the $18.5 billion GLNG project in Queensland, Australia is over 65 percent complete, with first LNG planned for 2015.

“Excellent progress continues to be made on our two major growth projects (PNG LNG and GLNG) ... Dua and Peluang are also on track to deliver first oil and first gas respectively in the first half of 2014," Santos Managing Director and CEO David Knox said in a company release.

Have a news tip? Share it with Rigzone!


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Our Privacy Pledge

More from this Author
Rigzone Staff
e-mail us at
 -  Aker Solutions to Buy Brazilian C.S.E (Oct 21)
 -  Sea Trucks Group Secures Work Offshore... (Oct 21)
 -  Shell Divests Non-Core Oil, Gas Proper... (Oct 21)
 -  Petrofac Appoints New CFO (Oct 21)
 -  Wheatstone LNG Development Start-Up in... (Oct 20)

Most Popular Articles

From the Career Center
Jobs that may interest you
Shop Mechanic - Grand Prairie, TX
Expertise: Customer Service|Mechanic
Location: Grand Prairie, TX, TX
Diesel Mechanic for Williston, ND!
Expertise: Mechanic
Location: Williston, ND
Branch Manager for Heavy Equipment Dealership in Mississippi
Expertise: Facilities Management|Mechanic
Location: Mississippi, United States, MS
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours