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Wison Concept Study confirms Pandora LNG Project in PNG is technically and commercially feasible


Published Jun 3, 2014
Wison Offshore & Marine Ltd.,

Highlights
• Concept Study identifies two feasible LNG concepts for Pandora Gas Field (CMT: 40%) • Pandora Gas Field has a 2C Contingent Resource of circa 800 BCF gas • Project JV Partners include Talisman Energy, Kina Petroleum and Santos • 1 mtpa offshore FLNG vessel with 170,000m3 storage to cost US$900 – 1,100/ tonne • LNG vessel design based on lean gas composition • Near Shore LNG vessel with same capacity could be delivered for approximately US$600/ tonne and requires offshore gas processing and pipeline • Leading LNG industry participants have expressed interest in Build Own Operate (BOO) of LNG vessels at an indicative toll charge of US$4/mmBtu • Non-binding agreements pending with LNG industry participants to advance development of Pandora Gas Field

Tags: Wison Engineering Services Co. Ltd.




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