TotalEnergies, the French oil and gas firm behind the proposed Papua LNG project in Papua New Guinea, intends to make a final investment decision (FID) on the project in 2025.
FID was originally scheduled for late 2023 or early 2024, but additional work on EPC contracts will be necessary before reaching FID. In addition, TotalEnergies plans to drill the first deepwater exploration well on the PPL 576 licence in 2025.
The Papua LNG project will have a liquefaction capacity of up to six million tonnes of LNG per year, with initial production expected by the end of 2027 or early 2028. To lower the project’s carbon footprint, three electric liquefaction trains with a combined capacity of 4 million tonnes per year will be created within the current Caution Bay plant.
It will be located near Port Moresby and will have nine production wells, one injection well, one CO2 reinjection well, and a gas processing plant with 320 kilometres of pipeline, 60 km of which will be onshore, connecting the processing plant to the liquefaction plant at Caution Bay.
TotalEnergies (37.55%) is developing the Papua LNG project alongside ExxonMobil PNG (37.04%), Santos (22.83%), and JX Nippon Oil (2.58%).
Source: Energy Ghana