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Santos takes phased path to growth after price crash – The Australian Financial Review
The oil and gas producer plans to make investment decisions on three large growth projects in each of the next three years.
The total cost of the Narrabri development was given in NSW Planning Department documents in June at $3.6 billion, although Mr Gallagher already declared in October it would be “nowhere near” that level.
The slower, phased roll-out of expansion projects means the targeted increase in Santos’ annual production to 120 million barrels will take longer than the 2025 estimate given 12 months ago,
A production profile presented to investors on Tuesday now envisages output reaching past 120 million barrels,…
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