Government's Northern Endeavour oil vessel cleanup set to exceed $2b
Woodside sold the project to an insubstantial company to avoid a few hundred million in decommissioning costs: now it and its competitors will pay the price.
The Santos-owned 220 terajoules a day Devil Creek domestic gas plant processed gas from the Reindeer field from 2012. By 2025, production was low and intermittent.
A Federal Court win could mean all offshore oil and gas producers would need to prove they can afford their share of a $62 billion cleanup.
Santos' Reindeer gas field will fill with water sooner than expected and the production loss will add to concerns about the supply of gas to WA this decade.
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