A major new offshore gas project is being considered by ConocoPhillips to feed its Darwin LNG Project in the Northern Territory, once supplies have run out.
ConocoPhillips Vice President Exploration and Development Frank Krieger singled out the Caldita-Barossa gas field in the Timor Sea or the Poseidon gas field in the Browse Basin as potential backfill options for the project.
Darwin LNG’s current source, the offshore Bayu-Undan gas field in the Timor Sea, is expected to run out in 2022-23.
“In terms of our global portfolio the price to build a brownfield LNG train in Darwin just really isn’t competitive at the moment, so we’ll need to see significant cost deflation to drive us to want to do that or to have it compete in our portfolio,” Mr Krieger said.
The development of a new field would require either a 250 km pipeline from Caldita-Barossa, or a 640 km pipeline from Poseidon, to tie-in to the existing 500 km Bayu-Undan Pipeline.
ConocoPhillips is the operator of the Darwin LNG Project, alongside joint venture partners Santos, INPEX, Eni and Tokyo Gas.
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