Santos and JV partner Beach Energy have taken a final investment decision to proceed with the Moomba Central Optimization (MCO) project in the Cooper Basin, South Australia; Santos will invest $357 million (net Santos). The FID commits near-term capex and signals operational optimization efforts at Moomba, a modest positive for Santos and Beach Energy equity given the investment in field infrastructure.
Santos and JV partner Beach Energy have taken a final investment decision to proceed with the Moomba Central Optimization (MCO) project in the Cooper Basin, South Australia; Santos will invest $357 million (net Santos). The FID commits near-term capex and signals operational optimization efforts at Moomba, a modest positive for Santos and Beach Energy equity given the investment in field infrastructure.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.30
