The Elk-Antelope Joint Venture between Total and ExxonMobil is targeting to enter Front End Engineering Design (FEED) in 2018 and a Final Investment Decision (FID) in at timely manner on the Papua LNG project.
Currently pre-FEED is being carried out for the Papua LNG Project, which is identifying the technical and economic viability of the project.
According to the PNG Chamber of Mines and Petroleum update on Papua LNG, the joint venture has begun discussions on potential synergies to optimise the development of the Elk-Antelope gas field.
Following ExxonMobil’s acquisition of InterOil early this year, the PNG LNG operator has become an equity partner in PRL 15 which contains the major Elk-Antelope gas field.
This has enabled discussions on conceivable collaboration between PNG LNG and Papua LNG to optimise the development of the Elk-Antelope and make it the most cost effective project.
It is believed building Papua LNG trains in the PNG LNG plant site and sharing downstream facilities would potentially result in capital savings, while materially improving operating efficiencies for the benefit of all stakeholders.