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Resources giant pumps $790M into Northern Australia project

Santos workers
Santos workers

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.

950 jobs

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.

Click here to apply.

“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.

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