Santos has improved facility reliability of its assets to more than 97 per cent this year with production seeing record days, weeks and months.
This was announced recently by Sigurdur Jonsson, Santos Vice President for PNG Operations during the 2024 PNG Investment Week in Sydney.
“In our efforts to optimise maintenance strategies, we thoroughly examined all PNG maintenance approaches and drew upon Santos’ extensive experience. Subsequently, we successfully implemented a comprehensive new maintenance program for PNG which is consistent with our company operations excellence standard.
“I am proud to say that we improved even further from last year’s record reliability of 95 per cent to more than 97 per cent this year. This was done through vigilant focus on our engineering and maintenance programs as well as critically reviewing and prioritising the work executed at our facilities.
“This year alone we have accelerated 16 billion cubic feet of gas from the Santos operated fields to feed PNG LNG infrastructure before Angore was brought on by ExxonMobil PNG during this quarter. The Angore project ties in an additional TCF of gas to the PNG LNG infrastructure which will see the plant full,” said Jonsson.
Santos also concluded a 4 well infill program successfully without any HSE incidents. “We saw oil rates from our fields that we have not seen since 2021 despite operational challenges such as a landslip in the Moran area that saw us curtail production from there for a few months.
“Last year I stood here and talked about the criticality of delivering high facility reliability to provide feed gas to PNG LNG and to optimise our oil production. We were also in the midst of executing our 4 well infill program and looking at standing up our gas production at Hides to support the Porgera mine.
“I’m delighted to stand here today to say that we have delivered on these commitments.”
