Project value – More than US$20billion CAPEX
Project owner INPEX (76%) Total E&P Australia (24%)
Construction Period – Construction expected start date Q1 2012. First LNG Cargo expected by Q4 2016
Predicted employment numbers – Over 3000 during construction for onshore and offshore. About 700 during operations onshore and offshore.
INPEX – Operator
Onshire Facilities – JKC JV comprising of JGC Corporation, KBR and Chiyoda Corporation.
Offshire Facilities – AMEC Engineering (Lead Contractor) Aker Solutions and JP Kenny (subcontractors)
In the FEED (Front End Engineering Design) which is the project development phase. Also in the final stages of the EIS (Environmental Impact Assessment). Final Investment Decision project due Q4 2011.
Final Investment decision due Q4 2011. Draft EIS issued and public submissions complete. Over $8 billion in tenders out for bidding at present.
This project has long been identified as having the potential to be a world-class gas project. It is the biggest liquids discovery since the Bass Strait. The project will be the largest oil and gas development in the Northern Territory and it will attract other industries; such as transport, health, and professional services, to the area bringing significant social and economic benefits to the NT and Australia as a whole. It will also showcase the Northern Territory as a region capable of supporting the construction and operation of a major development. It is set to be one of the current LNG projects in Australia that is breaking records in terms of size, complexity and scale.
During 2000 to 2001, three exploratory wells resulted in the discovery of an extremely promising gas and condensate field now known as the Ichthys Field. The Ichthys Project will have an initial capacity to produce 8.4 million tonnes of LNG per annum and approximately 1.6 million tonnes of liquefied petroleum gas (LPG) per annum, as well as 100,000 barrels of condensate per day at peak over an operational life of 40 years.
Gas from the Ichthys Field will undergo preliminary processing at the offshore central processing facility (CPF) to remove water and raw liquids, including a large proportion of the condensate. This condensate will be pumped to a floating production, storage and offloading (FPSO) facility anchored nearby, from which it will be transferred to tankers for delivery to markets.
The gas will be transported from the CPF through a subsea pipeline more than 885 kilometres to the onshore LNG processing plant proposed for Blaydin Point on Middle Arm Peninsula, Darwin, Northern Territory. It will be cooled to below minus 161 degrees Celsius, the point at which the gas becomes a liquid, known as liquefied natural gas.
The offshore facilities will consist of a Semi-submersible Central Processing Facility (CPF), a Floating Production Storage and Offloading (FPSO) unit for condensate treatment and storage, umbilicals, risers and flowlines (URF) and an 885km export pipeline to Darwin which will be the longest subsea pipeline in the southern hemisphere and the 4th longest in the world.
The onshore facilities will consist of two LNG trains with a capacity of 8.4 million tonnes per annum, LPG and condensate processing plants, storage tanks for LNG, LPG and condensate, administration facilities, utilities and services, power generation infrastructure and a product offloading jetty.
As the Japanese national flag oil and gas company INPEX’s mission is not only to secure a stable energy supply for Japan but also enhance corporate values and establish a competitive middle sized international oil and gas company in the next decade. Japan is a vital export market and is targeted as a main importer for the Ichthys LNG.