Santos, one of Western Australia’s largest domestic gas suppliers, today announced that first production from the Halyard-2 infill well has commenced.
The well is online six weeks ahead of schedule and is now producing. This will supply an incremental 65 mmscf/d into Varanus Island. Further, it will convert approximately nine mmboe of sales gas and condensate to 2P developed reserves[1].
Santos Managing Director and Chief Executive Officer Kevin Gallagher said this is a valuable short-cycle capex project, delivering incremental low-cost volumes into the portfolio through to 2027, and supporting a reduction in unit production costs in 2025.
“This project demonstrates Santos’ commitment to our disciplined low-cost operating model and our focus on efficient execution of our projects and strong operational results in 2025,” Mr Gallagher said.
[1] Movement relative to 2P undeveloped reserves status as at 31 December 2024.
