Offshore staff
PERTH, Australia — Santos and its co-venturers have delayed a final investment decision (FID) on the Dorado oil and gas development offshore Western Australia.
According to partner Carnarvon Energy, they had expected to take FID before the end of the current calendar year, with the FEED phase substantially completed, but last month they agreed to hold off due to the current inflationary cost environment and continuing supply chain.
The partners will continue to assess the cost environment into the new year, with recent signs of some potential easing in market pressures, and will also progress finalization of the project’s remaining regulatory approvals.
09.27.2022
