Apache defers West Australia gas project on economy

摘要

Sydney-The Reindeer gas project in Western Australia has become the latest victim of the global economic downturn, with US-based Apache Energy and partner Santos deferring the A$800 million ($518 million) plan for field development and the Devil Creek processing plant, Santos said in a statement December 8. "The decision was made due to adverse changes in the global economic outlook that have impacted the proposed foundation gas customer," Santos said, without adding further details. The Reindeer field is 55% owned and operated by Apache, with Santos holding the remaining 45%.