To­tal com­mit­ment to new LNG project

France’s To­tal SA has con­firmed plans to start con­struc­tion for Pa­pua LNG, the coun­try’s next big liq­ue­fied nat­u­ral gas project. Par­adise speaks with Philippe Blan­chard, man­ag­ing di­rec­tor of its PNG sub­sidiary, To­tal E&P PNG, to learn more about the proje

Paradise - - Strictly Business -

Q: Ear­lier this year, your CEO Pa­trick Pouyanne paid a light­ning visit to Pa­pua New Guinea. He out­lined Pa­pua LNG as a $US10 bil­lion project that would em­ploy 10,000 work­ers. What is re­quired to get the project to a green light from here?

A: As men­tioned by our CEO, first we have to be able to tell the size of the re­serves, which is why we are fi­nal­is­ing the ap­praisal program. The plan is to com­plete the ap­praisal work by end of 2016 and be able to size the fa­cil­i­ties im­me­di­ately af­ter­wards.

We have al­ready started the so­cial and en­vi­ron­men­tal im­pact as­sess­ment stud­ies. We have to per­form sur­veys all over the project’s foot­print.

That will take place be­tween now and 2017. There are plenty of ac­tiv­i­ties run­ning in par­al­lel.

It is a good project and the most im­por­tant thing is to en­sure that the project is cost­com­pet­i­tive and comes at the right time on the mar­ket.

The idea is to progress and be ready to launch the project in 2018 in or­der to take ad­van­tage

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