Santos has made a Final Investment Decision on the Van Gogh infill development phase two project off Australia, which will maximize field production, access additional reserves, and lower unit production costs.
Santos said on Monday that the project would involve the drilling and completing of three new horizontal, dual-lateral production wells and subsea tieback into existing infrastructure.
According to the company, the first oil is targeted for late 2021, with the commitment to long lead items, including subsea Xmas trees and wellhead systems, already made to achieve the earliest possible start-up.
Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.