Santos sanctions Reindeer Gas Project off Australia

Santos announced the final investment decision for the Reindeer Gas Project offshore Western Australia.

Offshore staff

ADELAIDE, Australia -- Santos announced the final investment decision for the Reindeer Gas Project offshore Western Australia.

The Reindeer gas field was discovered in 1997 in the Carnarvon basin, offshore Western Australia within exploration permit WA-209-P.

First gas is targeted by the end of 2010. Reindeer will be produced via an unmanned, minimum facility wellhead platform in 65 m (213 ft) of water. Gas and liquids will be exported from the platform to a new onshore gas processing plant via a single 105-km (65-mi) pipeline. The processing plant, to be at Devil Creek, will have a capacity of 215 Tj/day (gross) and will deliver sales gas and stabilized condensate. Sales gas will be compressed and exported to the Western Australian domestic market via the Dampier- Bunbury Natural Gas Pipeline.

Santos has a 45% interest in the Reindeer Gas Project. The remaining interest is held by operator Apache Northwest Pty Ltd., with 55%.

04/072008

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