Chief company representative for Papua New Guinea Kelvin Bramley told The National yesterday that the company was now preparing for the next phase of the project.
“Horizon Oil remains focused on progressing its proposed Western LNG development which involves the aggregation of our various Western foreland gas and condensate resources, including the Horizon Oil operated Elevala/Ketu and Ubuntu fields and the Repsol operated Stanley, Puk Puk and Douglas fields,” Bramley said.
“Western LNG will take gas and condensate south via pipeline to a 1.7 to 2.0 million tonnes per annum liquefaction facility off Daru Island.
Horizon Oil has recently concluded its pre-FEED studies on Western LNG and preparations for the next phase are in progress.”
Bramley said the next phase was FEED.
“Our pre-FEED studies have confirmed the overall technical and economic viability of the project,” he said.
“Our focus now is on the integration of the pre-FEED studies and the finalisation of preparations for various onshore and offshore field studies and surveys to confirm the suitability of the selected pipeline route and the liquefaction plant location.
“These investigations are necessary to inform the work that will be conducted during the FEED.
“We expect to initiate FEED in late 2018/early 2019 and this phase will have a duration of approximately 12 months.”
Last July, Horizon Oil had advised that it had increased to about 28 per cent its overall interest in the total certified resources contained in Western foreland fields of
2.0 – 2.5 trillion cubic feet gas and 60 – 70 million barrels of condensate.
The company and partner Repsol now operate all the foundation licences and between them, hold nearly 70 per cent of the total gas resource to be aggregated to underpin the proposed Western LNG project, facilitating the planned multi-licence development in one of the world’s premier locations for LNG developments. The National