Dorado FPSO FEED contract awarded

Santos announced today that Altera Infrastructure (Altera) has awarded the FEED contract for the Floating Production, Storage and Unloading Facility (FPSO) for the Dorado Project in the Bedout Sub-Basin off the coast of Western Australia.

The FPSO contract is the largest of the project and includes engineering, procurement, construction, installation, commissioning and testing of the facility.

Dorado is an integrated oil and gas project to be developed in two phases. Initial development involves the production of oil and condensate through a wellhead platform (WHP) and FPSO. The gas will be re-injected in the initial phase to improve oil and condensate recovery, followed by a planned future phase of gas production to replenish Santos’ domestic gas infrastructure in WA.

Dorado is a very low CO2 reservoir with around 1.5 percent CO2 and gas reinjection in the initial phase, making it one of the oil projects with the lowest emission intensity in the region.

In June, the project entered the Front-End Engineering and Design (FEED) phase, which comprises numerous work steps, including the award of orders for the FPSO and WHP. The FPSO contract begins with a full definition engineering by Altera to confirm the technical requirements for the FPSO and the associated separable anchoring system.

Kevin Gallagher, Santos Managing Director and Chief Executive Officer, said, “This contract is an important milestone for the project and Altera brings extensive FPSO design and operations expertise to the development.

“The FPSO design will enable integrated development of both the liquid and gas resources and retain sufficient flexibility to support future exploration successes in the area. An order for the planning, delivery and installation of the WHP will be awarded shortly. “

Chris Brett, President, Altera Infrastructure Production, said, “We thank Santos for trusting Altera and are committed to using our 30+ years of FPSO expertise and experience during the FEED to deliver an FPSO design that meets the Meets the requirements of Dorado development and at the same time we bring the latest emission-reducing solutions in line with our vision of leading the industry into a sustainable future. “

The project has a federally approved Australian Industry Involvement Plan that provides Australian industry with full, fair and equitable opportunities to compete for work. This is available on the Industry Capability Network website.

Santos has an 80 percent stake in the Dorado project and is the operator. The remaining shares are held by Carnarvon Petroleum.

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