The referrals provide a general description of the project and are used to develop guidelines for an environmental impact assessment of the project, in consultation with the Australian Commonwealth and Western Australian Governments as well as other stakeholders. INPEX will undertake the environmental impact assessment of the project in accordance with the guidelines.
It is anticipated that the environmental approvals process, from the submission of referrals to the approval of the report of environmental impact assessment, will take approximately 24 months to complete. In parallel with the environmental impact assessment, further engineering work will be completed. Subject to obtaining approvals and receiving a production license, INPEX is currently planning for the production of LNG, condensate and LPG to commence approximately mid-2012.
INPEX plans to develop the Ichthys Field as an LNG export project, initially producing approximately 6MTPA of LNG for export. Expansion of the facilities will be determined by market conditions and availability of potential gas reserves in the future. INPEX estimates that Ichthys Field has sufficient gas resources for a production life longer than 30 years. In addition to the LNG production, around 100,000 bbl/day of condensate and LPG will also be produced at the peak rate.
Key elements of the project are:
INPEX has spent considerable time and effort evaluating potential locations for the onshore facilities and has determined that North and South Maret Islands are a suitable location in the Kimberley. In addition, INPEX is also considering Champagny Island as an alternative to North and South Maret Islands. The final decision on the location will be made after further discussions with the relevant Aboriginal Traditional Owners and other stakeholders, as well as further detailed field studies to validate work completed to date.
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