Project Profile
Value: US$300 million (CAPEX only)
Location: Kianga town, Fly River in the Western Province of Papua New Guinea, Papua New Guinea
Capacity: 140,000 cf/d of gas
Production: 4,000 b/d of condensate
Start-up Year: 2015
Horizon is planning to build a gas central processing facility with a capacity of 140,000 cf/d of gas. With such reserves, Horizon and its partners are working on the feasibility study of the project. To be located closed to Kianga town, close to Fly River in the Western Province of Papua New Guinea, Papua New Guinea, the Stanley gas central processing facility should produce 4,000 b/d of condensate. With Osaka Gas joining Horizon, the partners are now investigating the opportunity to monetize the gas with a gas-fired power plant. In requiring US$300 million capital expenditure, Horizon Oil and its partners, Osaka Gas, Talisman, Mitsubishi, Kina Petroleum and Mega Fortune expect to start the commercial production of the Stanley gas central processing facility in 2015.
Operators:
Horizon Oil
Osaka Gas
Talisman Energy Inc
Mitsubishi
Kina Petroleum
Mega Fortune