No profit, falling production, inadequate maintenance, a safety plan in limbo and a big clean-up if exploration fails: challenges aplenty at the Canadian company's only offshore facility.
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.
The Department of Local Government, Industry Regulation and Safety oversees workplace health and safety under WA legislation, and NOPSEMA is responsible for offshore workers in Commonwealth waters.
Welders will have to grind out and redo repairs at Gorgon performed to an incorrect procedure provided by Chevron and the delay could cost up to $250M.
Shell's Prelude floating LNG has stumbled on the road back to production after a failed seal caused subsea wells to be shut-in days after they were opened.
The wells are open and safety inspectors arriving as Shell looks to recommence LNG production from its problematic Prelude floating LNG vessel off the WA coast.
Chevron's problems at Gorgon LNG from faulty welds years ago in a South Korean factory continue with delays to repairing the first of three trains to be fixed.
An eight year wait for ENI's Woollybutt oil field to be decommissioned and poor maintenance have caused subsea kit to surface and pose a danger to vessels.
After action by safety regulators Chevron will progressively shut down all LNG trains at Gorgon to fix faulty welds in propane-filled pressure vessels.
Chevron faces shutting Gorgon LNG down to make it safe after WA safety regulators responded to reports of thousands of cracks in propane-filled vessels.
North Sea expert recommends changes to stop a repeat of Woodside escaping a $360 million cleanup bill by paying a tiny inexperienced company to take an old rusty asset.
Chevron has "put additional mitigations in place" to protect workers while it mulls what to do with two giant LNG trains operating at Gorgon that could have defective welds.
Chevron intends to have cracked propane vessels fixed and Gorgon LNG back in full production by September as it awaits inspection by the safety regulator.
The safety and economic stakes for Gorgon LNG are high as WA Government inspectors soon head to Barrow Island to check on Chevron's cracked pressure vessels.
While the idle Northern Endeavour costs $4 million a month, Government and industry are still talking about how to keep the clean-up bill below a possible $230 million.
