Santos expects first gas from Angore in 2024


THE first gas from the Angore development project is expected in 2024, according to Santos Ltd.
Upstream Oil and Gas president Brett Darley said at the end of last year, the company announced the next tranche of backfill gas to maintain PNG LNG production with the final investment decision on the Angore development project.
“First gas is expected in 2024 and the project will see Santos’ share of capital expenditure be approximately US$135 million (about K467.78million).
“These drilling activities will be a great boost for the industry and economy here on the back of a global pandemic as we endeavour to add more to our resource portfolio.”
Darley was speaking at a recent Australia-PNG Business Forum and Trade expo in Brisbane, Australia.
He added that Santos had also seen strong performance from the Agogo and Moran fields.
“A coiled tubing campaign commenced in the fourth quarter of last year in those fields, which will deliver incremental production in 2022,” Darley said.
“Papua LNG, a project that has the potential to be nation-shaping for decades to come, continues to progress technical and commercial, regulatory, social and environmental activities.
“These pre-FEED (front end engineering and design) activities remain on track in support of a FEED-entry decision that is targeted to be made by the end of this year.
“With the current supply crunch that we are seeing in the global LNG market, projects like Papua LNG are becoming increasingly critical for global energy security.”