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Australia’s Santos commissions Moomba CCS facility

  • : Condensate, Crude oil, Emissions, Natural gas
  • 24/10/18

Australia's Santos has commissioned its 1.7mn t/yr Moomba carbon capture and storage (CCS) project in the onshore Cooper basin of South Australia state. The Australian carbon credit unit-generating project is running at full injection rates of up to 84mn ft³/d (865mn m³/yr) of CO2 with all five wells on line, Santos said, adding that the full 1.7mn t/yr capacity would depend on Cooper basin gas production. The CCS will be Australia's second largest by nameplate capacity after Chevron's controversial 4mn t/yr Gorgon CCS on Barrow Island, which has been criticised for failing to reach its sequestration goals because of problems with pressure management.

Santos results
Jul-Sep '24Apr-Jun '24Jul-Sep '23y-o-y % ±q-o-q % ±
Volumes ('000 t)
GLNG (100pc)1,3001,3381,370-5-3
Darwin LNG (100pc)0042-100-100
PNG LNG (100pc)1,9382,0012,111-8-3
Santos' equity share of LNG sales1,1481,2641,300-12-9
Financial
LNG sales revenue ($mn)766762821-71
Total sales revenue ($mn)1,2691,3131,436-12-3
LNG average realised price ($/mn Btu)12.6911.4712.02611
Oil price ($/bl)83.2489.4889.97-7-7

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