Santos is battling blocked heat exchangers, failed subsea valves, and faulty safety doors 285km north of Darwin so it can reap the reward of high gas prices in Asia.
Amplitude Energy, formerly Cooper Energy, is a small Australian-listed oil and gas company with interests offshore Victoria and in the Cooper basin in South Australia.
Santos' decommissioning liability matches a quarter of its $22b value, but its disclosures to investors fared poorly against the latest accounting standards, according to an international survey.
