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Gorgon partners sign off on
$4bn compressor project
FINANCE & US super-major Chevron and its partners have
INVESTMENT signed off on a new $4bn project to extend the
life of the giant Gorgon liquefied natural gas
(LNG) plant in Western Australia.
Chevron, which operates the giant gas project
with a 47.333% stake, said on July 2 that the joint
venture had approved the Jansz-Io Compression
(J-IC) project. Chevron’s partners include Exx-
onMobil and Royal Dutch Shell, each with 25%,
as well as Japan’s Osaka Gas with 1.25%, Tokyo
Gas with 1% and JERA with 0.417%.
The project, which is slated to take around
five years to complete, will maintain gas supply
from the Jansz-Io field to Gorgon’s three existing compression will enhance the recoverability of
LNG trains and domestic gas plant on Barrow the field,” a Chevron spokesperson told Reuters.
Island. The three trains have a combined capac- Leading upstream industry body the Aus-
ity of 15.6mn tonnes per year (tpy). tralian Petroleum Production and Exploration
J-IC will involve building and installing a Association (APPEA) has welcomed the news,
27,000-tonne floating field control station (FCS), saying the project underscored investor “confi-
around 6,500 tonnes of subsea compression dence” in the industry.
infrastructure and a 135-km submarine power APPEA head Andrew McConville said:
cable linked to Barrow Island. The project comes “For the approximately AUD6bn [$4.46bn]
as Gorgon Stage 2 project, which is nearing FID to be reached shows the confidence in our
completion and will supply gas from four new industry, the hundreds of thousands of jobs we
Jansz-Io and seven new Gorgon wells, nears its support both directly and indirectly, and how
completion date of 2022. we have a large role to play in a cleaner energy
The timing of the compressor project is future. The announcement guarantees long-
designed to address anticipated declines in the term, reliable operations, ensuring Gorgon
Jansz-Io field, which came on stream in 2015. continues to deliver vital natural gas supplies
“After approximately 10 years of production, to customers in Western Australia and Asia for
reservoir pressure will decline. The addition of decades to come.”
Australia renews major project
status for Transborders’ FLNG system
PROJECTS & THE Australian government has renewed the toward a pre-engineered model.
COMPANIES major project status (MPS) of a Western Aus- Transborders says that under Solutions – in
tralian company’s off-the-shelf development which Kyushu Electric Power, Mitsui O.S.K.
programme for stranded gas assets. Lines (MOL), Technip Energies, SBM Offshore
Australian Minister for Industry, Science and Add Energy are strategic partners – projects
and Technology Christian Porter granted the will adopt a pre-engineered 1.5mn tonne per
renewal on the grounds that Transborders Ener- year (tpy) FLNG facility coupled with pre-agreed
gy’s floating LNG (FLNG) development solu- commercial arrangements and an adaptive regu-
tion could contribute to the growth of Australia’s latory approval execution plan.
FLNG industry. The partners believe the system could help
Transborders has brought together a range of to convert a range of stranded gas resources into
industry heavyweights – ranging from upstream a final investment decision (FID) ready state
service providers to engineering contractors – within 24 months of deployment.
to help tap stranded gas assets more quickly by Transborders chairman Jack Sato said: “[The
moving away from the bespoke development government’s renewal] clearly indicates the
P10 www. NEWSBASE .com Week 27 09•July•2021
