CVN 2.38% 20.5¢ carnarvon energy limited

There should b 3 options I believe. I think the most likely...

  1. Ya
    6,809 Posts.
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    There should b 3 options I believe.

    I think the most likely scenario for that is STO owned plant at Devil Creek apprx 320kms SW of D1 discovery. DCGP has the capacity, since Reindeer is running out of gas. Its doing 60 TJ/d as we speak & the Capacity is 220 TJ/d. With the recent duster at Dancer-1 well, IMO this should b the likely candidate for Phase-2 gas from Bedout. There is a 105 km long, 16" dia pipeline from Reindeer Platform to the DCGP. This will need a new pipeline section laid down on the seabed to hook up to Dorado platform at some point.

    Note Reindeer is all DomGas contracted to the local Miners etc think it was CITEC who has the Gas sales agreement, so don't get excited about applying LNG prices for the Dorado's 638 BCF gross 2C gas. STO should charge a 3rd party Tolling fee for processing their share of gas on an existing Owned Infrastructure, plus costs to build a smaller pipeline section etc. It's one for the future as the focus is on Liquids that has a faster payback with tie-backs etc.

    Second option is Varanus Island Hub, also owned by STO, but that may use gas from Corvus & other projects.

    Third Option is their Macedon Plant. It is bit further down south from Devil Creek & has STO-BHP JV. With WPL in the process of merging with BHP, this might not b an option, unless WPL take up 40% equity in Dorado & decide on using Macdeon after their gas from Pyrenees FPSO starts to slow, that's a whole new chapter.

    Hope this helps..
 
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