Gas Flowing From Ichthys LNG Project
Production has begun from the Inpex-operated Ichthys gas-condensate field in the Browse Basin offshore Western Australia. LNG production from the $40-billion project, which was beset by multiple delays, is expected to follow by the end of September.
Produced gas from the subsea wells will be sent to the 120,000-tonne Ichthys Explorer semisubmersible platform for processing. Condensate will then be sent to the Ichthys Venturer floating production, storage, and offloading (FPSO) vessel, processed, and then stored before tanker export. The offshore facilities are expected to produce 1.6 billion scf/D of gas and 85,000 B/D of condensate.
Gas will be sent through the 890-km Gas Export Pipeline to the onshore liquefaction plant in Darwin, Northern Territory, where it will be processed, separated, and liquefied to produce LNG and liquefied petroleum gas (LPG). The plant will produce 8.9 million tonnes/year of LNG for the Asian market, 1.65 million tonnes/year of LPG, and 15,000 B/D of condensate.
Ramp up to full capacity is expected to take 2-3 years. Initially slated to start up in 2016, the project is expected to last 40 years. Inpex has held the block’s exploration permit since 1998. It reached a final investment decision on the project in 2012.
Inpex has a 62.245% stake in the project. Total holds 30%; CPC Corporation, Taiwan, 2.625%; Tokyo Gas 1.575%; Osaka Gas, 1.2%; Kansai Electric Power, 1.2%; JERA, 0.735%; and Toho Gas, 0.42%.
A New Offshore Investment Cycle Is in the Making
The amount of oil and gas resources approved for development last year surpassed 20 billion BOE, the highest level seen since 2011. Telltale signs have emerged that we are entering a new offshore investment cycle.
TC Energy Plans To Move Equipment for Keystone XL Preconstruction Work
TC Energy is planning to start mobilizing heavy construction equipment to worker campsites and pipeline storage sites in Montana, South Dakota, and Nebraska in February to start preconstruction work on the Keystone XL Pipeline.
Gazprom Neft Takes Home IPTC’s Top Award For Arctic Megaproject
The Novoportovskoye oil and gas condensate field was discovered in 1964 but left undeveloped for decades due to its remote location on the Yamal Peninsula in Siberia.
Don't miss out on the latest technology delivered to your email every two weeks. Sign up for the OGF newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.
08 January 2020
07 January 2020
07 January 2020
06 January 2020