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Altona Energy takes initiatives to progress the Arckaringa project


Published Feb 3, 2014
Altona Energy

Altona confirmed that in anticipation of the termination of the joint venture with China National Offshore Oil Corporation (CNOOC), it has already commenced a number of initiatives to progress the Arckaringa project:

◾ Identified and started discussions with potential new partners ◾ Parsons Brinckerhoff have been engaged to ensure that the bankable feasibility study ("BFS") is completed with the most cost-effective and relevant scope to maximise potential value: ◾ The Base case will now focus on joint Coal to Methanol and Coal to Liquids ◾ The report will cover how Altona could potentially joint venture on infrastructure development with third parties

◾ Started work on the regulatory approvals required for the reassignment of the 51% interest

Tags: Altona Energy




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