TOTAL says the company would like to develop the Papua LNG project on low cost, but make it one of the popular oil and gas projects.
Chairman and chief executive Patrick Pouyanne told The National that all studies and engineering work were expected to be completed by 2017, with construction to begin in 2018.
“Our objective is to make the project popular, with low costs. Potentially, it’s a low-cost project,” he said.
Pouyanne said the project was estimated to cost US$10 billion (K30.8 billion).
However, he noted that evaluation of the gas reserves in the fields and front-end engineering design stage of the project were yet to be done, which would determine actual cost.
Chairman and chief executive Patrick Pouyanne told The National that all studies and engineering work were expected to be completed by 2017, with construction to begin in 2018.
“Our objective is to make the project popular, with low costs. Potentially, it’s a low-cost project,” he said.
Pouyanne said the project was estimated to cost US$10 billion (K30.8 billion).
However, he noted that evaluation of the gas reserves in the fields and front-end engineering design stage of the project were yet to be done, which would determine actual cost.
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PNG