Ichthys LNG Project is a producing conventional gas field located in shallow water in Australia and is operated by INPEX Ichthys. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block WA-285-P, WA-51-L, and WA-50-L, with water depth of 917 feet. Buy the profile here.
An expansion project is associated with the Ichthys LNG Project, namely the Ichthys LNG Project Phase 2. This project is currently in the construction stage.
Field participation details
The field is owned by Chubu Electric Power, CPC, Inpex, Osaka Gas, The Kansai Electric Power, Toho Gas, Tokyo Electric Power Co Holdings, Tokyo Gas and TotalEnergies.
Production from Ichthys LNG Project
The Ichthys LNG Project conventional gas field recovered 15.42% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 98.86 thousand bpd of crude oil and condensate, 44.49 thousand bpd of natural gas liquids and 1,058 Mmcfd of liquid natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2081. The field currently accounts for approximately 10% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 2,538.22 Mmboe, comprised of 262.21 Mmbbl of crude oil & condensate, 12,948.01 bcf of liquid natural gas reserves and 118.01 Mmbbl of natural gas liquid reserves. Ichthys LNG Project conventional gas field reserves accounts 0.87% of total remaining reserves of producing conventional gas fields globally.
Contractors involved in the Ichthys LNG Project conventional gas field
Some of the key contractors involved in the Ichthys LNG Project project as follows.
Design/FEED Engineering: Eni, McDermott International and Baker Hughes
Main EPC: McDermott International and Baker Hughes
Other Contractors: Baker Hughes, A.P. Moller - Maersk, Bombora-ESP, EnerMech Group and Cube Offshore
For more details on the Ichthys LNG Project Conventional Gas Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
