AUSTRALIA

Cost blow-out at Red Gully

THE Red Gully Gas and Condensate processing facility run by Empire Oil and Gas has suffered a cost blow-out in the final stages of commissioning and start-up.

Bianca Bartucciotto

Initial estimates priced the facility at $29.1 million. However, the company has spent more than $5 million extra on the project, taking final cost to $34.8 million. The company said the price increase...

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