Santos awards Dorado FPSO Feed contract
Santos on August 23 announced the award of the front-end engineering design (Feed) contract for the floating production, storage, and offloading (FPSO) facility for the Dorado project offshore Western Australia (WA) to Altera Infrastructure.
The FPSO contract is the project's largest, comprising engineering, procurement, construction, installation, commissioning, and testing of the facility.
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Dorado is an integrated oil and gas project which is planned to be developed in two phases. The initial development involves the production of oil and condensate through a wellhead platform (WHP) and FPSO. Gas will be reinjected in the initial phase to enhance oil and condensate recovery, followed by a planned future phase of gas production to backfill Santos' domestic gas infrastructure in WA.
According to Santos, Dorado is a very low CO2 reservoir with approximately 1.5% CO2 and reinjection of gas in the initial phase, making it one of the region's lowest emission intensity oil projects.
In June, the project entered the Feed phase, which involves numerous work-fronts, including awarding contracts for the FPSO and WHP. The FPSO contract will start with full definition engineering by Altera to confirm the technical requirements for the FPSO and associated disconnectable mooring system.
Santos has an 80% interest in the Dorado project and is the operator. The remaining interest is held by Carnarvon Petroleum. Santos recently said it is currently undertaking a process to seek interest from the market in non-operated equity in Dorado and potentially other WA oil assets.