The Akpo field is scheduled to start producing by 2008, eight years after its discovery. This additional production will provide new evidence of the Group’s capacity to meet the technological challenges of deep offshore, an area in which Total’s track record already ranks it among world leaders. The largescale development project led by Total, as technical advisor for the OPL 246 joint venture, calls for the drilling of 44 wells (22 producers, 20 water injectors and two gas injectors) in water depths ranging from 1,300 to 1,500 metres. Steel catenary risers at the forefront of technological innovation will be installed to convey fluids up to the topsides installed on an FPSO (Floating Production, Storage and Offloading vessel) with a storage capacity of two million barrels. This huge development will enable the EPNL/NNPC joint venture to meet its share of the associated gas supply commitment for NLNG train 6. Exported to the Amenam/Kpono gas hub via a 150-kilometre subsea pipeline, the gas from Akpo will allow the monetization of significant quantities of gas at Bonny.
Posted by: Nightdaytrader Date: Saturday, October 10, 2009 11:32:38 PM In reply to: None Post # of 185655
Liquefied natural gas plant on Bioko Island
The island of Bioko is home to Equitorial Guinea's capital city, Malabo.... They have a relatively new LNG production facility.
Maybe the JDZ block 2 can ship gas there....
ND9 *********************************************** Liquefied Natural Gas
Marathon is a pioneer in liquefied natural gas (LNG) production and has a major stake in one of the longest, continuously running LNG plants in the world — the first to be built in the United States. The Company has established an Atlantic Basin LNG business that encompasses both ends of the LNG process - the liquefaction, or source side, and the regasification, or marketing side. This builds upon a long running Alaska LNG business where Marathon, along with its partner ConocoPhillips, has owned an LNG liquefaction plant and associated shipping for almost 40 years.
Equatorial Guinea Operations in Equatorial Guinea are a key component of Marathon’s integrated gas strategy. LNG from this West African country promises to play an increasingly important role in meeting the growing energy needs of the Atlantic Basin.
Marathon and its partners' LNG Train 1 facility on the northwest side of Bioko Island encompasses a 3.7 mmtpa liquefaction plant that is aligned with, and integrated into, Marathon's Equatorial Guinea gas processing operations. Natural gas is purchased from the Alba Field participants (Marathon, Noble Energy, Inc. and a government-owned entity) under a long-term gas supply agreement. Approximately 3 gross tcf of dry gas from the Alba Field will be processed through the LNG facility under a 17-year offtake agreement with BG Gas Marketing Ltd. Marathon and its partners expect to source additional gas in the region to supply the train following expiration of the contract.
Marathon holds a 60 percent interest in the LNG project, along with partners Sonagas (25 percent), Mitsui & Co. (8.5 percent) and a Marubeni Corporation subsidiary (6.5 percent).
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