Papua LNG partners ink state MoU, start engineering studies

Papua LNG partners ink state MoU, start engineering studies
Image courtesy of Total

France’s Total and its partners ExxonMobil and Oil Search have signed a memorandum of understanding (MoU) with Papua New Guinea government for the Papua LNG project.

Total noted that the memorandum of understanding defines the key terms of the gas agreement for the LNG project that is expected to be finalized by the first quarter of 2019.

Total is the operator of the Elk and Antelope onshore fields and is the largest shareholder in PRL-15 with a 31.1 percent interest, alongside partners ExxonMobil (28.3 percent) and Oil Search (17.7 percent), post the state back-in right of 22.5 percent.

The Papua LNG project will encompass two LNG trains of 2.7 mtpa each and will be developed in synergy with the existing PNG LNG project facilities.

Total and its partners have agreed to launch the first phase of the engineering studies of this project, the company said.

Share this article

Follow LNG World News

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >