Santos' Barossa LNG project on track for Q3 2025 commissioning, production set to increase by 30%

Santos Ltd has progressed its Barossa LNG project towards final commissioning activities with the arrival and deployment of a floating production, storage and offloading vessel at the Barossa gas field. Five wells of the six-well program have been drilled, with the final well expected to be completed in Q3. The project is on track for first gas in Q3 2025 and is expected to deliver a 30% increase in production for Santos in the next 18 months.

Santos Ltd has made significant progress in its Barossa LNG project with the successful arrival and deployment of the BW Opal FPSO vessel at the Barossa gas field. This milestone marks a critical step towards final commissioning and the project's goal of first gas production in the third quarter of 2025 [1][2][3].

The BW Opal FPSO, the production centerpiece of the Barossa LNG project, has been successfully hooked up and is progressing with final commissioning activities as planned. Five out of the six wells in the well program have been drilled, with the final well expected to be completed in the third quarter. The project, which has seen an investment of US$3.95 billion, remains on track for first gas in the third quarter of 2025 [1][2][3].

Santos and its joint venture partners, SK E&S and JERA Co., Inc., have invested a total of US$3.95 billion in the Barossa LNG project. The project is expected to deliver a 30% increase in production for Santos over the next 18 months, contributing significantly to the company's long-term, stable cash flows and shareholder returns [1][2][3].

The Barossa LNG project, along with the Pikka Phase 1 project in Alaska, is anticipated to bolster Santos' production capacity and support energy security in the Asia region. Santos' portfolio of high-quality, tier-one customers includes Diamond Gas International Pte Ltd, Hokkaido Gas Co., Ltd, Shizuoka Gas Co., Ltd, TotalEnergies Gas & Power Asia Limited, and Glencore Singapore Pte Ltd [1].

In addition to the project's progress, Santos has also been actively investing in community development through the Barossa Aboriginal Future Fund. The fund aims to support infrastructure, cultural projects, and job opportunities for local Aboriginal communities in the Northern Territory [1].

References:
[1] https://www.santos.com/news/barossa-lng-fpso-arrives-in-field-successfully-hooks-up-and-commences-final-commissioning-plans/
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3SK1LW:0-santos-barossa-lng-project-progresses-towards-final-commissioning-plans/
[3] https://www.tipranks.com/news/company-announcements/santos-advances-barossa-lng-project-with-fpso-milestone