STO 1.59% $7.01 santos limited

Ann: Full Federal Court decision for the Barossa Gas Project, page-36

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  1. 318 Posts.
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    The decision does raise questions about the role of NOPSMA is this. From their website 'The National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) is Australia's independent expert regulator for health and safety, structural (well) integrity and environmental management for all offshore oil and gas operations and greenhouse gas storage activities in Commonwealth waters, and in coastal waters where regulatory powers and functions have been conferred.'

    How confident can a company be when NOPSEMA approve an environmental plan only for the approval to be an issue later in court. Putting Santos aside does that mean that NOPSEMA also failed in their assessment of the application? Could Santos seek compensation from NOPSEMA if this causes delays because they should have advised of any issues before the application was approved in the first place? They have so far been remarkably quiet on this.
 
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