Santos has already invested a significant amount in and around Narrabri, which benefits the local and regional economy through creation of jobs including those for local suppliers, contractors and service providers.
The Narrabri Gas Project will employ over 1,200 people during the construction phase and will contribute to the regional economy via direct job creation locally, direct supply chain contracts and additional indirect job creation.
Over the life of the Project, it is expected to contribute over $1.6 billion in royalty payments directly to the NSW Government, helping to deliver hospitals, schools, roads, police services, public transport and other State-based infrastructure and public services.
To ensure the regional communities hosting our activities directly benefit, a Regional Community Benefit Fund will be established. Our contribution to the Fund will be equivalent to 5 per cent of the royalty payment made to the NSW Government within our production licence area.
This amount will then be matched by the State Government. This is expected to deliver around $160 million to the region which would be used to support major initiatives and infrastructure projects in the areas in which we operate.