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.
The State’s work health and safety laws will undergo a major revamp, streamlining three Acts into a single one more consistent with national legislation.
In early 2017 Chevron's rush to ship the first LNG from the $US54 billion Gorgon project to meet its chief executive's deadline had disastrous consequences.
