Australian energy company Santos has revealed a production ramp-up schedule after resuming production from a floating production, storage and offloading (FPSO) vessel deployed at its gas project off the coast of Australia’s Northern Territory.
Santos announced an increase in production of 22.5 million barrels of oil in the first quarter of 2026, an increase of 1% from the previous quarter and 3% from the corresponding period in 2025. Barossa I achieved it First shipments. The Barossa FPSO is now expected to begin ramping up production next week as the company completes cleaning and cleaning of its heat exchanger trains.
During the recent shutdown period, the dry gas compressor seals were replaced to allow for full production rates once the unit is back in operation. The company confirms that liquefied natural gas production It is expected to start a few days after BW Offshore FPSO PW Opal Back online.
Initial LNG production began after completion of the project Darwin LNG Life extension and cooling project for LNG train and storage tank. The FPSO, located in the Barossa gas field, about 285 kilometers offshore Darwin in Australia’s Northern Territory, is expected to feed the Darwin LNG plant over the next two decades.
Kevin GallagherManaging Director and CEO of Santos commented: “The Barossa project had some challenges during operation. Pleasantly we have now replaced the dry gas seals on the compressors and the FPSO is expected to begin ramping up as the heat exchanger trains are cleaned and cleared.”
Santos has reported strong operational performance and evaluation success, with PNG LNG maintaining a high plant reliability of over 98%, delivering an annual operating rate of approximately 8.6 million tons per year. GLNG achieved stable upstream production, with LNG production reaching an annual run rate of 5.8 million tons per annum and 24 contracted cargoes shipped during the quarter.
Final Investment Decision (FID) on Mumba central optimization The project aims to achieve capital and operating cost savings of more than $600 million over the life of the central fields by transitioning to more efficient and modern infrastructure, improving productivity, and achieving an expected internal rate of return in excess of 15%.
The company has secured a ten-year, 200PJ conditional gas sales agreement with the South Australian Government, including an upfront payment that supports the company’s investment in the Moomba Central Improvement Project.
Gallagher confirmed: “Our portfolio of high-quality LNG assets, located close to Asian markets, is well positioned to meet the strong and growing demand for LNG across this region.
“Santos also continues to play an important role in supporting Australia’s domestic energy security and economic development, including working constructively with industry and government partners to help maintain stable fuel supplies during a period of global market turmoil.”
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