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. 

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The Dorado-3 appraisal well