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.
The Perth Basin extends 1300km north of Perth and has supported onshore and limited offshore oil and gas production. Major companies in the basin include Mitsui E&P, Beach Energy, Hancock Energy and Strike Energy.
A struggling deal between two companies will determine if an unused oil platform off the WA coast is used for carbon storage or needs to be decommissioned.
