Santos Limited (ASX:STO) informed the market that a minor gas leakage had been found in a Subsea flange trunkline from the John Brookes platform offshore Western Australia to the Varanus Island gas processing facilities. The gas leak was discovered during the routine activities on the regular unstaffed facility. The pipeline and platform were immediately closed, and all staff personnel were demobilised.
It is anticipated that the repairs will take approximately four to six weeks to start production at full capacity. Varanus Island will remain working at a slower pace, and it is anticipated that there are no changes to Santos’ earlier announced production market guidance.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.