Santos commits $160m to expand PNG gas production, targeting 135 mscf/d incremental capacity by Q2 2028.
Santos has sanctioned the Agogo tie-in project in Papua New Guinea, involving a 19km pipeline and two new wells to connect gas production to the PNG LNG pipeline. The project aims to add 135 million standard cubic feet per day, with Santos’ net share at 54 mscf/d.
Total project costs are estimated at $400m over three years, with Santos’ capital expenditure at $160m. The investment aligns with existing guidance, and first gas is expected in the second quarter of 2028. Regulatory and joint venture approvals have been secured.
The initiative targets 66 million barrels of oil equivalent in proved and probable reserves, supporting Santos’ strategy to grow portfolio production.