Santos, GDF Shelve Bonaparte FLNG Development Option Offshore Darwin

Santos Limited announced Thursday that the company and France's GDF Suez S.A. will consider other potential development options for the Bonaparte LNG (liquefied natural gas) project in addition to the floating LNG concept to develop the Petrel, Tern and Frigate natural gas fields, located 155 miles (250 kilometers) offshore west of Darwin, Australia.

Among the alternative development options are a pipeline connection to Darwin.

"While the partners firmly believe the fields have material value, having been fully appraised, their future development using floating LNG technology, although technically robust as demonstrated during extensive pre-FEED (front-end engineering and design) studies, does not currently meet the companies' commercial requirements," Santos said in a press release.

As a result, the partners have decided against proceeding with the Bonaparte floating LNG project to the FEED phase at this point in time.

"Santos received a cash consideration of $200 million when the Bonaparte LNG joint venture was formed, and has received a full carry on study and development costs by GDF Suez," the company added.

Have a news tip? Share it with Rigzone!


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

More from this Author
Rigzone Staff
e-mail us at
 -  Aker Solutions to Buy Brazilian C.S.E (Oct 21)
 -  Sea Trucks Group Secures Work Offshore... (Oct 21)
 -  Shell Divests Non-Core Oil, Gas Proper... (Oct 21)
 -  Petrofac Appoints New CFO (Oct 21)
 -  Wheatstone LNG Development Start-Up in... (Oct 20)

Most Popular Articles

From the Career Center
Jobs that may interest you
Branch Manager for Heavy Equipment Dealership in Mississippi
Expertise: Facilities Management|Mechanic
Location: Mississippi, United States, MS
Production Operator - Bladder Blade Separators/Manifolds Speci
Expertise: Mechanical Technician|Production Operator|Production Technologist
Location: Houston, TX
Commercial Engineering Analyst - Refinery
Expertise: Commercial Management|Refinery Specialist|Refinery Staff
Location: Baton Rouge, LA
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours