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  • Santos and GDF SUEZ to review alternative development concepts for Bonaparte LNG
    édité le 19/06/2014 - Plus de news de "Santos" - Voir la fiche entreprise de "Santos"


Santos and GDF SUEZ to review alternative development concepts for Bonaparte LNG
Santos (40%) and GDF SUEZ (60% and operator) today announced that the Bonaparte LNG project will consider other potential development options in addition to the floating LNG concept to develop the Petrel, Tern and Frigate natural gas fields, located 250 kilometres offshore west of Darwin. These options will include a pipeline connection to Darwin.

While the partners firmly believe the fields have material value, having been fully appraised, their future development using floating LNG technology, although technically robust as demonstrated during extensive pre-FEED studies, does not currently meet the companies' commercial requirements.

Consequently, the proposed Bonaparte floating LNG project will not be taken into the front-end engineering and design (FEED) phase at this point in time.

Santos received a cash consideration of US$200 million when the Bonaparte LNG joint venture was formed, and has received a full carry on study and development costs by GDF SUEZ.

About Santos

An Australian energy pioneer since 1954, Santos is a leading oil and gas producer,supplying Australian and Asian customers.
With over 3,000 employees across Australia and Asia, Santos’ foundations are based on safe, sustainable operations and working in partnership with host communities, governments, business partners and shareholders.


See the site of Bonaparte LNG


Origine : Communiqué Santos

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