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Santos takes phased path to growth after price crash – The Australian Financial Review

The oil and gas producer plans to make investment decisions on three large growth projects in each of the next three years.

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The total cost of the Narrabri development was given in NSW Planning Department documents in June at $3.6 billion, although Mr Gallagher already declared in October it would be “nowhere near” that level.
The slower, phased roll-out of expansion projects means the targeted increase in Santos’ annual production to 120 million barrels will take longer than the 2025 estimate given 12 months ago,
A production profile presented to investors on Tuesday now envisages output reaching past 120 million barrels,…

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