ICHTHYS DE­LAYED AGAIN

The Australian Energy Review - - FRONT PAGE - EL­IZ­A­BETH FABRI

INPEX has an­nounced fur­ther de­lays at its ma­jor­ity owned Ichthys project, with pro­duc­tion slated to be­gin within the next few months. On 26 March, INPEX said com­mis­sion­ing re­quired for pro­duc­tion start-up was now ex­pected to be com­pleted be­tween April and May, with pro­duc­tion and ship­ment of con­den­sate liq­ue­fied nat­u­ral gas (LNG) and liq­ue­fied petroleum gas (LPG) to be­gin there­after. First pro­duc­tion was orig­i­nally sched­uled at the end of 2016, how­ever was pushed back to the Septem­ber 2017 quar­ter, and then the March quar­ter 2018, fol­low­ing a review of the project’s de­vel­op­ment sched­ule. INPEX said it has al­ready com­pleted drilling the pro­duc­tion wells re­quired for start-up, and the nec­es­sary com­mis­sion­ing of the first train at the on­shore gas liq­ue­fac­tion plant, Float­ing Pro­duc­tion Stor­age and Of­fload­ing (FPSO) fa­cil­ity, and sub­sea pro­duc­tion sys­tems. “While the project’s ac­tiv­ity sched­ule go­ing for­ward may fluc­tu­ate de­pend­ing on weather con­di­tions at the work­sites, prepa­ra­tion ac­tiv­i­ties and other fac­tors, INPEX will con­tinue to work to­ward the suc­cess of the Ichthys LNG Project with the un­der­stand­ing and co­op­er­a­tion of all its stake­hold­ers, in­clud­ing the project’s joint ven­ture part­ners, the lo­cal com­mu­ni­ties, the Aus­tralian Fed­eral gov­ern­ment and the gov­ern­ments of Western Aus­tralia and the North­ern Ter­ri­tory,” INPEX said. Once de­vel­oped, the project will have an op­er­a­tional life of more than 40 years, pro­duc­ing and ship­ping about 8.9 mil­lion tonnes of LNG and 1.65 mil­lion tonnes of LPG a year, and 100,000 bar­rels of con­den­sate per day at peak.

Im­age: INPEX.

An aerial view of the Ichthys on­shore gas liq­ue­fac­tion plant.

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