Santos cuts capex handsomely on Barossa offshore project

Operator indicates a reduction of $1bn based on switching to a leased FPSO model

Rendering of the Barossa FPSO: Modec had planned to apply its M350 hull design, a next generation newbuild hull, to be built in China
Rendering of the Barossa FPSO: Modec had planned to apply its M350 hull design, a next generation newbuild hull, to be built in ChinaPhoto: MODEC
Published 1 December 2020, 05:09Updated 1 December 2020, 05:09