A multinational oil and gas producer will invest in a new development off the northern coast of Australia.
The Barossa Joint Venture operator recently made a final investment decision for its US$3.6 billion (A$4.7B) Barossa Gas Field Project, 250km west of Darwin.
JV partner Santos will provide US$600 million (A$789.8M) in new funding for the development, which involves establishing a Floating Production, Storage and Offloading Vessel, subsea production wells, a Gas Export Pipeline that connects to the existing Bayu-Undan to Darwin LNG Pipeline, and supporting subsea infrastructure.
The work will create 600 jobs throughout the construction phase plus a further 350 production positions at the Darwin LNG Facility throughout the project’s 20-year operating lifespan. Although none of the jobs are advertised yet, jobseekers can still register their details to be notified about upcoming recruitment opportunities.
“As the economy re-emerges from the COVID-19 lockdowns, these job-creating and sustaining projects are critical for Australia, also unlocking new business opportunities and export income for the nation,” Santos managing director and CEO Kevin Gallagher said in a public statement.
“The Barossa and Darwin life extension projects are good for the economy and good for local jobs and business opportunities.”
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SK E&S is the other JV partner and first gas is expected to be produced during the first half of 2025.