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Business

Jacob Shteyman

Santos reveals extent of costs from Barossa court delay

Santos Barossa Kevin Gallagher Simon Munkara Woodside Oil

Kevin Gallagher said Santos continues to consider options to accelerate value for shareholders. (Matt Turner/AAP PHOTOS)

Santos has unveiled the extent of a cost blowout at its landmark liquid natural gas project after lengthy court delays, but an expert warns the risk of further overruns remain.

The Adelaide-based fossil fuel producer on Thursday announced its Barossa gas project in the Timor Sea would incur an extra $US200-300 million ($A304-456 million) in capital expenditure costs.

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Colombia's president offers support to veterans extradited to US over Haitian leader's killing

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