©Shutterstock / Papua New Guinea
Santos has announced final investment decision with the Agogo production facility tie-in project in Papua New Guinea, following approval by the PNG LNG joint venture.
The project will deliver feed gas from the Santos-operated Agogo facility to the PNG LNG gas pipeline via a new 19km pipeline, together with two new wells and associated production facility modifications. First gas is targeted Q2 2028.
Santos holds a 39.9% interest in the PNG LNG joint venture, whose partners include ExxonMobil PNG, ENEOS Xplora, Kumul Petroleum and the Mineral Resources Development Company.
Kevin Gallagher, Santos’ CEO and Managing Director, said the project will support Santos’ long-term production profile with an approximate 12-year production plateau, and the potential to continue production beyond 2050.
“The APF tie-in project is a high-quality development with strong economics and a clear role in our strategy to build and grow portfolio production,” he said.
Santos will deliver incremental net production of around 54 mmscf/d with significant upside potential depending on reservoir performance.
Santos’ Australia and PNG Chief Operating Officer Brett Darley said key regulatory approvals are in place, required land access has been secured and all material joint venture approvals have been obtained.
Its focus is now on progressing detailed design for the facility modification, awarding the two main construction contracts and progressing the temporary construction camp to drive towards first gas delivery.
