ConocoPhillips To Begin Drilling At Australia's Browse 4Q 2011
01 Agosto 2011 - 9:09PM
Noticias Dow Jones
ConocoPhillips (COP) said Tuesday that it aims to begin a major
drilling program on its Browse gas project before the end of this
calendar year that could lead to a potential liquefied gas
development.
The drilling program, in partnership with joint venture partner
Karoon Gas Australia Ltd. (KAR.AU), is expected to cost "close to
US$500 million", said Todd Creeger, Australian President of
ConocoPhillips.
The 5-well program will establish the size of the resource,
though ConocoPhillips believes the project contains "multiple"
trillions of feet of gas, Creeger told reporters after a speech in
Perth.
At the conclusion of the drilling program, expected to take 18
months to two years, Conoco expects to announce a development
concept for the field offshore Western Australia, he said.
Depending on the size of the gas find, the company will consider
several LNG options including a development at James Price Point
onshore Western Australia, piping the gas to Darwin and floating
LNG, Creeger said.
-By Stephen Bell, contributing to Dow Jones Newswires;
61-8-9244-4243;
Karoon Energy (ASX:KAR)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Karoon Energy (ASX:KAR)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
Real-Time news about Karoon Energy Ltd (Australian Stock Exchange): 0 recent articles
Más de Karoon Gas Australia Artículos de Noticias