Santos starts up Angore project in Hela Province, Papua New Guinea [Yahoo! Finance]
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Source: Yahoo! Finance
This development is expected to support stable, long-term production for the LNG project, unlocking a one trillion cubic feet natural gas resource. The Angore project has shown strong performance since its initiation, with two wells successfully commissioned and connected. Santos managing director and CEO Kevin Gallagher said: “The start-up of Angore is one of a number of PNG [Papua New Guinea] highlights in 2024 for Santos and our joint venture partners – ExxonMobil, Kumul Petroleum Holdings, Mineral Resources Development Company and JX Nippon. “The supply of associated gas from Kutubu through optimisation of the central processing facility is also exceeding expectations with 16 billion cubic feet (bcf) of gas accelerated so far this year.” Alongside Angore, associated gas from Agogo and Moran could contribute an additional 125mscf/d, Gallagher added. The final investment decision on the projects is due by 2026. Drilling is also under way at the Hides Footwall exploration
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