We have interests in the Timor Sea, and the Carnarvon, Browse, Bonaparte, Beetaloo and Canning Basins and multiple projects including Prelude FLNG, Van Gogh, Coniston and Bayu-Undan / Darwin LNG. Alexis Fletcher, Dragon LNG Managing Director said : “As the core sponsor for the Dragon LNG Darwin Centre Experience project since 2005, we are delighted to receive this award on behalf of the projects’ partners including Pembrokeshire College, Pembrokeshire County Council Education Authority, Milford Haven School Cluster and numerous networks and stakeholders. Australia's oil and gas company Santos will sell a 25% interest in Darwin LNG and Bayu Undan gas condensate offshore field to SK E&S for US$390 million with effect from October 1, 2019 with customary adjustments on completion. : the Darwin LNG plant in Australia's Northern Territory Photo: CONOCOPHILLIPS Major utilities, partners sign on to advance ambitious carbon-capture hub plans The Ichthys liquefied natural gas (LNG) terminal is part of the $34bn Ichthys LNG project in Darwin, the capital city of the Northern Territory in Australia. Spending to first gas, in 2024, has been estimated at $4.7bn. Barossa would be developed via a floating production, storage and offloading (FPSO) unit and a 260-km pipeline to Darwin LNG. The company’s partnership with the NT stretches back many years, having been the major supplier of gas to the local market and as the only Australian company in Darwin LNG. Santos is also a joint venture partner in Darwin LNG with an 11.5 percent interest. All Rights Reserved. Santos is the leading Australian oil and gas exploration and production company in the Northern Territory, with a significant presence both onshore and offshore. ConocoPhillips is keeping its 37.5% stake in Australia Pacific (AP) LNG. View the profiles of professionals named "Ian Gibson" on LinkedIn. About 300 km north of Darwin, Australia, the Barossa gas field will be developed as the source of gas to backfill Darwin LNG when Bayu-Undan ceases production. “The deal fits within Santos’s strategy of acquiring low-cost, Australasian natural gas assets. Earlier in October the company said it would increase its dividend by 38%, around $500mn over the year. Other Darwin LNG partners include Santos Ltd, Eni SPA, Inpex, Tokyo Electric Power, and Tokyo Gas Co. Dentons is a global law firm driven to provide you with the competitive edge in an increasingly complex and interconnected marketplace. Santos is expected to stump up $775-825mn, which will come from cash resources, with a new $750mn in debt. Something went wrong - please try again later. 500 Views. Tokyo Gas is a non-operating joint venture participant in Darwin LNG project, Pluto LNG project, Gorgon LNG project, Ichthys LNG project and Queensland Curtis LNG project. The energy development is a joint venture between INPEX group companies (the Operator), major partner Total, and the Australian subsidiaries of CPC Corporation Taiwan, Tokyo Gas, Osaka Gas, Kansai Electric Power, JERA and Toho Gas. Santos holds a 25 percent interest in the Barossa-Caldita joint venture along with partners ConocoPhillips (37.5 percent and operator) and SK E&S (37.5 percent). The Australian company said an FID on Barossa would require contracts to be signed on 60-80% of volumes from this next phase. About 500 km northwest of Darwin LNG in the Timor Sea, the Bayu-Undan facility currently … South Korea’s SK E&S has signed a letter of intent with Santos on the acquisition of a 25% stake in Bayu-Undan and Darwin LNG. Santos Energy has set out a deal to buy Australian gas assets, in the Northern Territory (NT), from ConocoPhillips for $1.39 billion. More than 500 ships have been loaded in the 10 years since. There are 400+ professionals named "Ian Gibson", who use LinkedIn to exchange information, ideas, and opportunities. Reporting by Tom Westbrook; Writing by Sonali Paul; Editing by Tom Hogue. ConocoPhillips’ executive vice president and COO Matt Fox said that while “the Darwin LNG backfill project remains among the lower cost of supply options for new global LNG supply, this transaction allows us to allocate capital to other projects that we believe will generate the highest long-term value” for the company. Neptune buys up Edison stake in Glengorm field, Unlimited web access from just £12.50 per month. Santos is considering selling equity in Barossa while also targeting a final investment decision (FID) on the project for early 2020. TechnipFMC will solely engineer, procure, construct and install our CO2 capture, liquefaction and offloading facilities at the CO2 emitter site locations for our deepC Store project. DARWIN (Reuters) - ConocoPhillips and its partners are considering expanding their Darwin liquefied natural gas (LNG) plant in Australia, with backing from other companies with undeveloped gas resources that could feed the plant. The two companies have been involved in the project since the start, in 2006. The sale will have an effective date of the beginning of 2019 and is expected to complete in the first quarter of 2020. Santos also said it would receive the benefit of approximately US$120 million of cash flow relating to the interests from 1 January 2019 to 1 … Darwin LNG is co-owned by ConocoPhillips, Santos, Japan’s Inpex, ENI, Tokyo Electric Power Co and Tokyo Gas Co. The ConocoPhillips Darwin LNG plant, which has been producing gas from the Bayu-Undan field in the Timor Sea, 500km north west of the NT, since 2006. However, even though Barossa is attractive as a brownfield LNG backfill investment, it is also a large and complex project. 'We are also in discussions with existing Darwin LNG joint-venture partners to sell equity in Barossa and further equity in Darwin LNG and also with LNG buyers for offtake volumes. The deal will expand Santos’ footprint in the NT, with the Darwin LNG plant at the centre of the acquisition. “The acquisition of these assets fully aligns with Santos’ growth strategy to build on existing infrastructure positions while advancing our aim to be a leading regional LNG supplier,” Santos’ managing director and CEO Kevin Gallagher said. The treaty between Australia and Timor Leste will benefit the region as the Darwin LNG project will result in new employment opportunities and demand for local goods and services. Prior to the coronavirus (COVID-19) pandemic and oil price crash issues, the story of the future supply of feedstock gas into some of Western Australia's LNG plants was looking pretty firm. “This acquisition delivers operatorship and control of strategic LNG infrastructure at Darwin, with approvals in place supporting expansion to 10 [million tonnes per year], and the low cost, long life Barossa gas project.”. “We are also in discussions with existing Darwin LNG joint-venture partners to sell equity in Barossa and further equity in Darwin LNG and also with LNG buyers for offtake volumes,” Gallagher said. The development of Darwin LNG, supported by an effective supply chain established by local industry, demonstrated the capability of the Northern Territory to be a significant LNG industry supply and service hub. With over US$4 billion of capex spend to first gas, executing the development on time and on budget will be a major test of Santos’s ‘big project’ credentials,” Wood Mackenzie’s senior analyst David Low said. Shell UK explores and produces energy products - fuels, oil, natural gas, lubricants, LPG, chemicals; including 100% renewable electricity by Shell Energy. ... including a pipeline connection to Darwin, rather than the FLNG will be explored. There was Barossa to backfill Darwin LNG, Browse to backfill North West Shelf (NWS) LNG and Scarborough to both backfill Pluto LNG train 1 and also underpin the development of Pluto LNG train 2. Darwin is now home to three LNG trains, and is the service and supply centre for world-first Prelude Floating LNG project in the Timor Sea. Delta Partners Ltd Delta Partners Unit A9 Pearmill Estate, Stockport Road West, Bredbury, Stockport, SK6 2BP 0161 406 1820 EDK Vodat International Ltd 29 Harley Street, London, W1G 1HT 0844 493 0000 271 Regent Street, London, W1B 2ES 0845 6522040 53 Whitefriars Wharf Tonbridge Kent TN9 1QR Acomys Limited 2 Church Street Wiveliscombe Taunton TA4 2LR ADELAIDE, Australia – Santos and its partners have committed to the Phase 3C infill drilling program at the Bayu-Undan field in the Timor Sea, offshore Timor-Leste. Conoco and Santos are the only common partners in Barossa and Darwin LNG, where Inpex, ENI and two Japanese LNG buyers also have stakes. The Ichthys LNG project will be one of the largest LNG export facilities in Australia. In 2003, Tokyo Electric Power Company (since renamed and referred to herein as "TEPCO") and Tokyo … “The Territory Labor Government is supporting the feasibility study because this is a significant investment toward the business case for potential expansion at Darwin LNG, potentially creating thousands of jobs during construction and operation,” Northern Territory Chief Minister Michael Gunner said in a statement. “Acquiring control of the key infrastructure asset, Darwin LNG, offers Santos a future option for monetising other stranded NT gas assets, such as Petrel, Tern, and Frigate.”. The company said it will target contracting approximately 60-80% of LNG volumes for more than 10 years before taking a final investment decision on Barossa, which is expected by early 2020. The Darwin LNG plant emits about 1.66 mtpa of C02, as reported to the Clean Energy Regulator. Five joint ventures with undeveloped gas resources off the coast of the Northern Territory are backing the study, with stakeholders including Royal Dutch Shell, Malaysia’s Petronas [PETR.UL], Italy’s ENI SpA, and Australia’s Santos and Origin Energy. Santos currently has 11.5% in the first two and 25% in Barossa. Santos will target the contracting of ~60-80% of LNG volumes for 10+ years prior to taking FID on Barossa, which is expected by early 2020. ConocoPhillips has a 56.9% stake in Darwin LNG and Bayu-Undan, with 37.5% in Barossa, and is the operator of all three. A $650,000 feasibility study on building a second train is due to be completed this year, the Northern Territory government said on Wednesday, announcing that it would contribute $250,000 toward the study. % stake in Glengorm field, Unlimited web access from just £12.50 per month would increase dividend... This will be explored secure more gas for the Asia-Oceanic region a Final investment Decision FID. 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