Santos gives green light to $4.7b new gas field off Australia

Santos, one of Australia’s largest oil and gas producers, has given the go-ahead to its $4.7 billion Barossa gas project north of Darwin after its plans were put on hold last year amid the coronavirus-driven market crash.

The green light for the offshore gas and condensate project also kickstarts a $US600 million ($786 million) investment in the Darwin LNG plant’s life extension and pipeline projects, which will extend the facility life for around 20 years, the company said.