PROJECT OF TANGGUH TRAIN 3 LNG US $ 8 BILLION

[CATEGORY: OIL AND GAS]

 

The government has approved the Final Investment Decision (FID) made by British Energy giant BP Plc, the operator of Tangguh LNG in West Papua province, and the consortium partners on Train 3 expansion project; thus allowing the consortium to immediately begin developing a multi-billion-dollar project.

Based on the FID, the project cost is now estimated at US$ 8 billion much lower than the initial US$ 12 billion estimate made before the fall in oil prices.

Train 3 project includes three blocks, namely Berau, Muturi and Wiriager. The project is majority-owned by BP Tangguh Berau Ltd.

Four FID approval documents submitted by Amien for Verehere consists of:

1.     Approval of the Authorization Expenditure (AFE) value for development of facilities Train 3, both onshore and offshore.

2.     Approval of the EPC award for the construction of Train 3 and offshore gas facilities (the platform and distribute plumbing).

3.     Approval of the supply of gas to fertilizer companies to develop in Papua.

4.     Approval of the project financing.

All complete data can be seen at www.tender-indonesia.com

(The source of the Indonesia Oil and Gas, Mining, Electricity, Infrastrcuture, Telecommunication tender project and tender award)