Dorado a no-go as oil project sanction delayed

SANTOS has announced the Dorado oil project it shares with Carnarvon Petroleum in an 80%-20% split will not be sanctioned until 2022 to give it time to drill two appraisal wells across the Apus and Pavo prospects as it continues front end engineering and design in tandem. 

Dorado a no-go as oil project sanction delayed Dorado a no-go as oil project sanction delayed Dorado a no-go as oil project sanction delayed Dorado a no-go as oil project sanction delayed Dorado a no-go as oil project sanction delayed

The Dorado-3 appraisal well

 
During today's lengthy investor briefing day CEO and managing director Kevin Gallagher said the pushback allowed it to do more desktop work with its latest 3D seismic in the Bedout Sub-basin