Santos Starts Barossa Project Days After Failed $19 Billion Sale

Santos Ltd. has begun production at its $4.5 billion Barossa field off northern Australia, a move toward a much-anticipated increase in output as the group recovers from a third failed takeover bid under its current boss, Kevin Gallagher.

The project has delivered its first natural gas into the BW Opal floating production, storage and offloading vessel, the company said in a statement, allowing Santos to restart its Darwin liquefied natural gas export plant, which ships fuel to mainly Japanese buyers.