Santos to Expand in Northern Terriory's Mereenie Field

Santos has committed to a $100 million drilling and appraisal program over the next 12 months in the onshore Mereenie oil and gas field in the Northern Territory, Australia. 

The company has operated Mereenie since 1993. The field has produced more than 16 million barrels of oil and condensate and over 240 billion cubic feet of sales gas since 1984. 

Santos said in a statement that there are enough oil and natural gas reserves to extend the life of the Mereenie field well beyond 2030. 

The commitment to the Mereenie appraisal and development drilling program is the latest in a recent series of investments by Santos in onshore interests in the Northern Territory, the statement said.