Holiday Season Could Delay Ichthys FID, Inpex Says

INPEX announces today that Ichthys Project, which is undertaken by INPEX group of companies and Total group of companies, has been steadily progressing towards the Final Investment Decision (FID) to be made by the end of this year.

“While this remains our target, taking into account administrative constraints during the Christmas season and New Year holiday periods, the decision may slip into mid-January 2012.” Inpex said in a statement published on its website.

Offshore, INPEX intends to install a floating central processing facility (CPF) to develop the Ichthys Field. The greater part of the condensate will be transferred from the field via a subsurface pipeline to a nearby floating production; storage and offtake (FPSO) facility where it will be treated and transferred to offtake tankers for export.

Natural gas from the field will be directed through an approximately 850km long gas export pipeline from the field to the onshore facilities in Darwin for processing into LNG and liquefied petroleum gas (LPG).

The resource estimates for the Ichthys Field are 12.8 trillion cubic feet of natural gas and 527 million barrels of condensate.

The Project is expected to produce more than 8 million tonnes of LNG and 1.6 million tonnes of LPG per year. It will also produce 100 000 barrels of condensate per day at peak.

Proposed Offshore Facilities

Semi-submersible central processing facility (CPF)

Floating production, storage and offloading (FPSO) unit

Umbilicals, risers and flowlines

Subsea pipeline 850 kilometres from the Ichthys field to Blaydin Point, Darwin

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Offshore Energy Today Staff , November 18, 2011; Image: Inpex