Santos Advances Agogo Production Facility Tie-In Project in Papua New Guinea
Santos has confirmed a final investment decision for the Agogo production facility tie-in project, with a capital expenditure of approximately $160 million. The project aims to enhance gas delivery to the PNG LNG pipeline, targeting first gas in Q2 2028.
Santos has finalized its investment decision for the Agogo Production Facility Tie-In Project in Papua New Guinea, committing approximately $160 million. This initiative will connect the Agogo facility to the PNG LNG pipeline through a 19-kilometer pipeline, along with the installation of two new wells and modifications to the production facility.
The project is projected to achieve an internal rate of return exceeding 50% and is expected to pay back within four years following the investment decision. The implications of this project could significantly enhance gas supply capacity and operational efficiency in the region.
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