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.
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.
Strike Energy's Stuart Nicholls regards the WA gas market as a dangerous place to be as new cheap supply comes in as the big resource players prepare to move away from fossil fuels.
