The INPEX-operated Ichthys LNG Project’s central processing facility (CPF), sailed away from its construction site in Geoje, South Korea, en route to the Ichthys Field offshore Western Australia
INPEX Corp. said that Ichthys Explorer, the INPEX-operated Ichthys LNG Project’s central processing facility (CPF), sailed away from its construction site in Geoje, South Korea, en route to the Ichthys Field offshore Western Australia, following the completion of shipyard commissioning and preparation work.
The Ichthys Explorer will be towed to the Ichthys Field over a period of approximately one-and-a-half months, after which it is scheduled to undergo hook-up. The facility will then separate and process the produce lifted from subsea production wells into gases and liquids over 40 years of continuous operation.
The Ichthys Venturer, the Project’s floating production, storage and offloading (FPSO) facility, is also scheduled to be towed to the Ichthys Field and undergo hook-up. INPEX and its partners will also continue to proceed with construction work on the onshore natural gas liquefaction plant outside of Darwin in the Northern Territory of Australia.
Following the arrival of the CPF and the FPSO, installation and commissioning work will be undertaken and production from wellheads will commence. Thereafter, the Ichthys LNG Project will, during the current fiscal year (ending March 31, 2018), begin production of condensate, liquefied natural gas (LNG) and liquefied petroleum gas (LPG) in sequence and then ship these products.
Recommended Reading
Marcellus Waiting to Exhale But Held Back by Regional, Economic Factors
2024-11-06 - After years of exploitation as one of the country’s first unconventional shale plays, the Marcellus still has plenty of natural gas for producers, even if regional and economic factors have kept much of it bottled up.
Saudi Signals Willingness to Weaken Oil Prices, Defend Market Share
2024-09-26 - Analysts caution that reports of Saudi Arabia abandoning a philosophy of supporting prices in favor of defending market share could be a move to get OPEC+ members in line rather than to launch a costly oil war with the U.S., among others.
What's Affecting Oil Prices This Week? (Oct. 14, 2024)
2024-10-14 - Similar to last week, Stratas Advisors forecast that oil prices will be relatively flat with a downward bias unless there is another military strike of note.
What's Affecting Oil Prices This Week? (Sept. 30, 2024)
2024-09-30 - Based on Stratas Advisors' demand forecast, there is room for Saudi Arabia to increase supply gradually and not collapse oil prices — if there is no dramatic increase in non-OPEC supply and the other members of OPEC+ do not grossly exceed their quotas.
What's Affecting Oil Prices This Week? (Nov. 4, 2024)
2024-11-04 - For the upcoming week, with the increased geopolitical risk and OPEC+’s delay in phasing out its production cut, Stratas Advisors expect that the price of Brent crude could test $77.