Very good for NUP!!Inpex a done deal EXCLUSIVE by Nigel Adlam |...

Very good for NUP!!


Inpex a done deal

EXCLUSIVE by Nigel Adlam | November 3rd, 2011


DARWIN has won the $30 billion Inpex gas project. An official announcement will be made within the next few weeks - possibly as early as tomorrow.

The NT News understands that Inpex executives will line up alongside Chief Minister Paul Henderson in Parliament House to say that a final investment decision had been taken to go ahead with one of the biggest and most impressive development projects in Australian history.

The first effect of the announcement is expected to be an upswing in Darwin and Palmerston property prices, which have fallen in the past year.

EDITORIAL: Expansion on a grand scale

Work on the gas project will start almost immediately after the official final investment statement.

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"" Australia does not have the capability to handle the work " Why ?"
Popeye


A subsea pipeline will be laid from the Ichthys gas field off the coast in Western Australia to Darwin and a processing plant built on Blaydin Point.

A 2700-bed workers' village - complete with swimming pool and medical centre - will be constructed in Howard Springs.

Most of the major engineering jobs will be done overseas because Australia does not have the capability to handle the work.

But Inpex is still expected to pump hundreds of millions of dollars into the Territory economy during the four-year building program.

The project gave the NT Government the confidence to set up a marine supply base at East Arm.

The base is to be developed by a world-scale consortium and aims to become a major maintenance and service centre for the oil and gas industry.

Shell has already pledged to have its giant floating gas platform Prelude maintained in Darwin.

About eight floating platforms are expected to be working off the Territory coast within a decade.