About
Australia Pacific LNG Field (Offshore), Australia
Upstream Operator: Origin Energy (50.0%)
Upstream Co-venturer: ConocoPhillips (50.0%)
Downstream Operator: ConocoPhillips (50.0%)
Downstream Co-venturer: Origin Energy (50.0%)
In October 2008, ConocoPhillips closed on a transaction with Origin Energy, an integrated Australian energy company, to further enhance the company’s long-term Australasian natural gas business. The 50/50 joint venture, named Australia Pacific LNG, will focus on coalbed methane (CBM) production from the Bowen and Surat Basins in Queensland, Australia, and LNG processing and export sales. Four LNG trains are anticipated, each currently expected to process an estimated 3.5 million gross tons of LNG per year.
ConocoPhillips’ share of the joint venture’s year-end production rate was 68 MMCFD. Current production is sold into the Australian domestic market. CBM field development work is ongoing in parallel with front-end engineering associated with the planned LNG processing facilities. [1]
