Santos LNG JV Plans to Boost Employment in '09

SYDNEY (Dow Jones Newswires), Jan. 9, 2009

Santos said plans are in place to hire 120 employees in 2009 to work on a proposed liquefied natural gas project that it wants to build with Malaysia's Petroliam Nasional Bhd at Gladstone in Queensland state.

Santos also said in a statement Thursday that it has signed a new long term lease to occupy eight floors of a new building, to be called Santos Place, currently under construction in Brisbane.

"For Gladstone LNG alone, we've grown from just eight employees in January 2008 to 220 today, with plans for a further 120 new employees on the project in 2009," Santos said.

"By the end of next year, we'd expect to have close to 900 Santos and Gladstone LNG employees throughout Queensland, 600 of them based in Brisbane."

Santos's Queensland employees currently work from four separate buildings in Brisbane. The company expects them to be brought together in the new building by mid-2009.

Adelaide-based Santos said a final investment decision on the LNG project is still expected to be made in the first half of 2010, with first production slated for 2014.  

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