RE: INFO6 Sep 2023 09:08
Something has to give soon, they are going bankrupt otherwise.
Santos/ENI/Korean group , the only one's that stayed and took part in the bid
round, still have not signed their new license PSC (due Jun/July 2022)
Barossa blocked by the Tiwi Islands/Courts , was their planned HUB for its new
input pipeline to their Darwin facilities, the old line Bayu-Darwin, converting to
waste/carbon output pipeline from Darwin for storage in the depleted Bayu
main reservoir.
Last read, Santos have 440 million offset on the books, to still carry out the new
dual pipeline 2 project, so it needs a new home BUT will TL let them put it in
their waters, take Chuditch perhaps, or locate in the Santos ENI area's R & P
from the bid round.........
They to seem to be stalling, awaiting an outcome on Sunrise/Pipe Hub/Beaco
and WHAT comes with it, Gusmao original plan, EVERYTHING in their waters
comes to Bettano (oil) or to be built Beaco Gas/LNG facilities on the South Coast.
OR some clarity and truth , yes Beaco will be built BUT , other options will be
permitted.
The industry shafted in the past for both Darwin and FPSO/FLNG big fat NO's
you can wait for Beaco, by Gusmao then Horta while PM's in the past, will want
some clarity about what the can and can not do, before diving back in to commit
hundreds of millions to new offshore operations........π€