Santos, Gold Fields Pen 3-Year Gas Supply Deal

Tuesday, June 16, 2020

Australia's oil and gas company Santos has entered into a new gas supply agreement with Gold Fields Limited for its three gold mines in Western Australia.

Santos will supply nearly 5.5 petajoules of natural gas from its Varanus Island gas plant over three years, starting on July 1, 2020.

Gas, condensate, and oil from the offshore John Brookes, Harriet and Spar-Halyard fields is piped to the Santos-operated Varanus Island processing facility. The sales gas is then transported to mainland WA via two 100-kilometer pipelines, where it is supplied to major mining and industrial customers. Oil and condensate are stored on the island and transferred to tankers for direct export.

Commenting on the deal with Gold Fields, Santos Managing Director and Chief Executive Officer, Kevin Gallagher said Santos continued to support Western Australian mining and industry through the delivery of competitively-priced domestic gas.

"We are delighted Gold Fields Limited has come back to Santos after a short hiatus, reinforcing our position as Western Australia’s biggest supplier of gas to the local market.

“Santos supplies around 40 percent of the State’s total domestic demand, and we are committed to ongoing investment in developing new gas supplies in Western Australia.

“In these challenging economic times, we are focused on ensuring local gas prices remain competitive for Western Australian businesses over the long term.”

Categories: Activity Production Gas Australia/NZ Energy

Related Stories

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

Petronas, Inpex Secure Oil and Gas Exploration Rights off Indonesia

Indonesia's Medco Starts Production at Natuna Sea Fields

Pakistan’s OGDC to Start Production at ADNOC’s Offshore Block by 2027

INEOS Wraps Up Acquisition of CNOOC’s US Oil and Gas Assets

Woodside Inks Long-Term LNG Supply Deal with China Resources

Shell Launches Next Phase of Malaysia's Deepwater Project with First Oil Production

Valeura Wraps Up Infill Drilling Campaign in Gulf of Thailand

Current News

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Three Dead in Chevron's Angolan Oil Patform Fire

BW Opal FPSO Vessel set for Work off Australia

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

Fire Contained at Vietnamese Oil Platform Undergoing Decommissioning (Video)

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

Petronas, Inpex Secure Oil and Gas Exploration Rights off Indonesia

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com