Santos Ltd. said partners in the Caldita-Barossa gas fields offshore northern Australia aim to make a final investment decision in the next two years on whether to develop the project.
The partners, led by ConocoPhillips (NYSE: COP), plan to start initial engineering and design work in late 2017 and to reach a final investment decision in late 2018 or early 2019, Santos Managing Director Kevin Gallagher told analysts at a results briefing.
ConocoPhillips, Santos and an affiliate of South Korea's SK Holdings Co. own Caldita-Barossa, which would supply the Darwin LNG plant.
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