ConocoPhillips eyes fixed production structure for Aussie LNG
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CONOCOPHILLIPS is understood to be weighing the feasibility of using a large fixed production structure over a proposed floating liquefied natural gas plant to extract gas reserves from greenfield developments off Australia, in a move which could expand the contracting options for a multi-billion dollar project challenged by sustained low oil prices.
The Business Times understands that ConocoPhillips has recently sounded out the market for a large central processing platform (CPP) boasting topsides of 30,000 tonnes or more for the Caldita-Barossa field development off Australia's Northern Territory. Output from the field development will be piped to Darwin LNG for liquefaction and export to buyer-specified locations.
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