EXXON/ToT/OSH – Elk-Antelope LNG Plant – Gulf Province - Project Profile
"EXXON/ToT/OSH – Elk-Antelope LNG Plant – Gulf Province - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Exxon Mobil, Total S.A (TOT), and Oil Search (OSH) are planning to undertake the Elk-Antelope LNG Project in the Gulf Province, Papua New Guinea.
The project involves the construction of a liquefied natural gas (LNG) processing facility at the Elk and Antelope fields. It will include the construction a 3.8 million tonne per annum land based LNG plant, a condensate stripping plant, liquefaction facilities, export terminal facilities, the laying of 120km condensate pipeline and 120km dry gas pipeline.
It will also include the construction of breakwater facility, jetty, the installation of safety systems and other related facilities.
The gas produced and condensate at the Elk and Antelope fields will be processed at the CSP and transported through the condensate pipeline to the liquefaction facilities.
In September 2010, Pacific LNG, InterOil and LNGL have signed an agreement with Energy World Corporation Ltd. (EWC) for the construction of the two million ton per annum land based LNG plant.
In February 2011, InterOil, LNGL and Pacific LNG have signed a Project Funding and Construction Agreement (PFCA) and a Shareholder Agreement with Energy World Corporation Ltd. (EWC) for the development, construction, financing and operation of a planned three million ton per annum LNG plant, where the LNG plant is intended to be developed in two phases, two million tons per annum followed immediately by a one million tons per annum expansion.
In April 2011, InterOil, LNGL and Pacific LNG entered into an agreement with Samsung Heavy Industries and FLEX LNG Ltd. for the construction of the two million ton per annum FLNG vessel. As per the agreement FLEX LNG and Samsung Heavy Industries will be responsible for the design, engineering, construction and commissioning (DECC) of the FLNG vessel. However, the agreement between them was cancelled in June 2012.
In December 2011, InterOil and Pacific LNG signed an agreement with ENN Energy Trading Company Ltd. (ENN), for the purchase and sale of 1.0 to 1.5 million tons per annum of LNG produced from the project.
In December 2013, InterOil Corporation has sold 61.3% interest in Petroleum Retention License 15 (PRL15) to Total S.A for the Elk-Antelope gas fields in the Gulf Province of Papua New Guinea.
In February 2014, Oil Search acquired stake in the PRL15.
In the third quarter of 2015, IOC/ToT/OSH initiated the basis of design work and also began discussions on LNG marketing and project financing.
In the fourth quarter of 2015, Appraisal of the Elk-Antelope field commenced.
Drilling and site testing works, preparations for independent gas certification and appraisal are underway and are expected to complete by the end of 2017. Front End Engineering Design (FEED) and a Final Investment Decision is expected in 2018.
The project involves the construction of a liquefied natural gas processing facility with a capacity of 3.8MMTPA in Gulf Province, Papua New Guinea.
The US$6,000 million project includes the following:
1. Construction of a floating liquefied vessel having capacity of 2MTPA
2. Construction of condensate stripping plant (CSP)
3. Construction of export terminals facilities
4. Construction of liquefaction facilities
5. Construction of a breakwater facility
6. Construction of a jetty
7. Laying of 120km condensate pipeline
8. Laying of 120km dry gas pipeline
9. Installation of safety systemsReasons To Buy