Project Profile
Value: US$300 million
Start-up Year: 2012
Location: 40 km from Kiunga, Western Province, PNG
Reserves: Recoverable contingent resources at 361 billion cubic feet of gas and 11.4 million barrels of condensate
The Stanley field is being developed as a condensate recovery project, with condensate being exported to market via pipeline and river tanker.
A final investment decision on the project is due before the end of the year with first production expected in the second half of 2012.
Operators:
Repsol (formerly Talisman Energy): Operator with 40% interest
Horizon Oil: 30% interest
Osaka Gas: 20% interest
Mitsubishi: 10% interest
Contractors:
Risc (Australia): Carry out independent audit of the field
P&O Maritime Services: Charter contract