Santos today announced a significant gas discovery at the Crown-1 exploration well in WA-274-P, located in the Browse Basin offshore Western Australia.
Santos� Head of Exploration Bill Ovenden described Crown-1 as an important gas discovery for the company.
�The Crown discovery is well positioned, in close proximity to existing and proposed LNG projects in the Browse basin and other material exploration prospects,� Mr Ovenden said.
Santos holds 30% of WA-274-P and is operator. Joint venture partners are Chevron (50%) and INPEX (20%).
In addition, Santos has executed agreements to take a 30% interest in the adjoining exploration permit, WA-408-P, operated by Total (50%), subject to customary conditions. Murphy Oil Corporation has a 20% interest in the permit. The joint venture has committed to an initial drilling programme in the permit, including Dufresne-1 and Bassett West-1. These wells are expected to immediately follow the Crown-1 program.
To view full details of the news announcement, please click on the following link:
http://www.santos.com/library/191112_Gas_discovery_at_Crown_in_the_Browse_Basin.pdf
Regards
Santos
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Santos Limited
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CODE : STO.AX |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Santos is a oil exploration company based in Australia. Santos is listed in Australia, in Germany and in United States of America. Its market capitalisation is AU$ 16.1 billions as of today (US$ 10.5 billions, € 9.8 billions). Its stock quote reached its highest recent level on March 08, 2013 at AU$ 9.98, and its lowest recent point on April 24, 2024 at AU$ 7.75. Santos has 2 082 909 952 shares outstanding. |