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clock Created with Sketch. 10/12/24
21:44
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Originally posted by terratree:
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Santos talks of ‘further appraisals’ of NT gas projects The NT News reported that Mr Darley told an investor briefing late last month that its offshore Barossa project was “a fantastic resource” and suggested increased activity in the Beetaloo. “Beetaloo is the potential project we are really excited about,” Mr Darley was quoted as saying. “We believe we have a sweet spot in the MacArthur Basin, with the Beetaloo being a subset of that.“We are talking tens of trillion cubic feet of gas that could help fill Darwin LNG or Gladstone LNG. “It’s scalable, it’s a drill to fill operation that then we can plan our capital on. So again, fits very well into our operating model. (Another) thing we also like about it is it’s analogous to shales that are currently being developed with current technology in the Marcellus. The NT News reported the Santos’ board was in Darwin this week and chief executive officer Kevin Gallagher said they had confidence in the Northern Territory. “It is the strong support of governments like the Territory’s that give us confidence to continue to invest here,” Mr Gallagher was quoted as saying. “I hope that the industry together with the NT government can unlock the wealth of the Territory’s gas resources over the next four years—both offshore with Barossa but also onshore in the Beetaloo.”
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They just wound up a 3D siesmic survey at Tanumbirini Station which is on the Carpentaria hwy.
(20min delay)