Santos updates investors on progress of GLNG project
THE GLNG project is more than 50% complete and remains on track for first LNG in 2015, Santos said in an investor presentation today.
The gas transmission pipeline is on track to be finished in the second quarter next year, and the marine crossing tunnelling is progressing ahead of schedule.
So far, 300m has been drilled under the Gladstone harbour. This rate will accelerate to 120m per week.
Once complete, the tunnel will be flooded, and pipe strings will be joined together and installed in the tunnel.
Heavy lifts are underway on the two train sites, and the LNG Tank B roof lift is on schedule to happen in the third quarter this year.
Construction of a 360m LNG jetty is well underway, with 16 of 21 trestle bents completed, and 26 of the 35 jetty-head loading piles cut to level.
The first LNG is expected from Train 1 in 2015, with production to ramp up over three to six months. LNG from Train 2 is expected six to nine months after Train 1, with full production to ramp up over two to three years.
The drilling project is on target to drill more than 200 wells this year. More than 300 well locations have been approved and are available for drilling.
Santos said the project's upstream plant and well operations would be controlled from Brisbane, with fibre optics running to the field and wells. There will be 24/7 control of all upstream assets, with world class technology deployed.
A total of 1100 people are now working on the 420km pipeline that will bring CSG to Curtis Island. All pipeline has arrived in Queensland, and more than 230km of land has been cleared.
More than 190km of pipeline has been strung, and 100km has been buried.
Overseas, 2000 people are working at the LNG plant module yard in Batangas, in the Philippines.
The first 10 modules of the 82 Train 1 modules required have been dispatched to Curtis Island. A further 14 modules are complete and 52 are under construction.