Horizon approves FID for Stanley

The project will produce 140 MMcf/d of wet gas, from which initially 4,000 bbl/d of condensate will be recovered utilising a two-train refrigeration plant located in the field.

The condensate will be transported via the 40 km pipeline to a 60,000 bbl storage tank at Kiunga base and then loaded onto a tanker at a loading facility located approximately 1 km downstream of the existing Kiunga wharf.

Approval on the final investment decision (FID) is conditional upon Horizon receiving debt financing on satisfactory terms.

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