ASX:STOOil and Gas
Is Santos’ Agogo Tie-In Reserve Upgrade Altering The Investment Case For Santos (ASX:STO)?
Santos recently approved the Agogo Production Facility Tie-In Project in Papua New Guinea, a brownfield development connecting the Agogo facility to the PNG LNG network via a new pipeline, two new wells, and facility modifications, with first gas targeted in the second quarter of 2028.
The project is expected to convert 66 million barrels of oil equivalent of undeveloped reserves into developed reserves and, with an internal rate of return reportedly above 50% and a payback period under four...