Under the proposed agreement, Santos would supply the Narrabri Shire Council with up to 3.2 PJ per year of competitively-priced natural gas for up to 10 years.

Under the proposed transaction, Santos would supply ENGIE with up to 20 PJ per year of natural gas from Narrabri for a period of at least 10 years from the commencement of operations.

The processing modules and STP will be installed, integrated and then commissioned together with already installed facilities in readiness for first oil.

The contract is to supply approximately 0.5 million tonnes of LNG per annum over a period of two years from 2026.

The project is Australia’s first large-scale onshore CCS project and has the capacity to store up to 1.7 million tonnes of CO₂ per year.

Pikka phase 1 is expected to deliver 80,000 barrels of oil per day (bopd) at full production.

Santos’ Moomba Carbon Capture and Storage project in South Australia’s Cooper Basin started up in October 2024 and at year-end had already stored 340,000 tonnes of CO2-equivalent (CO2e).

The long-term SPA will supply between 0.35 and 0.4 million tonnes per annum of LNG at plateau.

Completion of the Angore development unlocks a one trillion cubic feet natural gas resource to supply PNG LNG for years to come.

The collaboration supports Santos Energy Solutions low-carbon fuels ambitions and could lead to the export of carbon-neutral e-methane.