Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

ConocoPhillips Australia awards Barossa project contract to Allseas Marine

FILE PHOTO: Flags fly outside ConocoPhillips offices in Houston, Texas, U.S., April 30, 2019. REUTERS/Loren Elliott

(Reuters) - The Australian unit of ConocoPhillips <COP.N>, the world's largest independent oil and gas producer, said on Thursday it awarded a major contract for its Barossa gas export pipeline project to Allseas Marine Contractors Australia Pty Ltd.

The project in northern Australia is in the front-end engineering design phase, it said in a statement, without giving any financial details of the engineering, procurement, construction and installation (EPCI) contract to Allseas.

Once commercial deals are signed, ConocoPhillips Australia expects the project to provide a new source of gas to its existing Darwin liquefied natural gas (LNG) facility, when the existing offshore gas supply from another nearby facility is exhausted.

"Evaluation of tenders for the floating production, storage and offloading facility and development drilling contracts is well progressed," Santos <STO.AX>, which owns a 25% stake in Barossa, said in a separate statement.

The Barossa project is a joint venture, with ConocoPhillips the operator, holding a 37.5% stake, SK E&S with 37.5% and Santos holding the remaining 25% stake.

(Reporting by Rashmi Ashok in Bengaluru)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.