Download - Pluto LNG
Facts
Objectives and Aims
Introduction
Reasons for Delay
Time Schedule
Overview
Agenda
Bibliography & References
Appendix
Project Introduction
Operator: Woodside Petroleum LtdLocation: North West Shelf of Western AustraliaTimeframe: 25 year lifespan, expected to start production during first half of calendar year 2012Initial Estimated Cost: £ 8 billionReserves: about 5 trillion cubic feet of natural gasSupply volume: 4.3 million tons natural gas per year
Project Overview
LNG PlantPlatform & Topsides FacilityPipeline / Mono Ethyl Glycol (MEG) LineSubsea Production WellsFlow lines and Risers
Project Overview
The project is a joint venture between Woodside the operator, Tokyo Gas and Kansai Electric, who became project partners in January 2008Project is underpinned by 15-year sales agreements with Kansai Electric and Tokyo Gas
90%
5% 5%
Interest Proportion
WoodsideTokyo GasKansai Electric
Provide a reliable source of clean energy to Woodside’s customers in the Asia-pacific region Boost the West Australian economy by at least £19 billion over its lifetimeCreate up to 6,000 jobsMaximising opportunity for Australian suppliers and contractorsProtection of the environment
Project Aims
Project Facts
Pluto project is now 15 months behind original scheduleProject costs rose from £ 8 billion to almost £ 10 billionWoodside Petroleum’s full year profits fell by 4.3 percent
Reasons for Delay
Bad weather and heavy rain Mechanical faults experienced with installationDesign faults Onshore commissioning errors Project complexity and labour issues
Bendeich, M. (2011) Reuters, 17 June, [Online], Available: http://www.reuters.com/article/2011/06/17/woodside-
lng-pluto-idUSL3E7HH03A20110617 [3 March 2012].
Booz, A. (2006) 'Capital project Ececution in the oil and gas industry '.
Kobelke, D. (2006) 'Pluto LNG Development Industry Briefing', November.
Ltd, T.G.C. (2007) 'Contract Conclusion of the Pluto LNG Project', August.
Ltd, W.E. (2009) 'Pluto powers ahead', Pluto Pulse, October.
News.au (2011) News., 17 June, [Online], Available: http://www.news.com.au/business/breaking-news/woodside-
petroleum-delays-western-australian-pluto-lng-project-again [5 March 2012].
offshore-technology (2011), April , [Online], Available: http://www.offshore-technology.com [6 March 2012].
Ordons News (2011), 18 June, [Online], Available: http://www.ordons.com/oceania/australasia/27096-woodside-
petroleum-blames-western-australian-pluto-lng-project-delay-on-poor-weather.html [4 March 2012].
Thewest (2012), 22 February , [Online], Available:
http://au.news.yahoo.com/thewest/business/a/-/news/12978404/pluto-delays-hit-woodsides-profit/ [6 March
2012].
Bibliography & References
Wilkinson, R. (2011) Oil & Gas Journal, 24 June, [Online], Available: http://www.ogj.com/articles/2011/06/woodside-again-
delays.html [4 March 2012].
Woodside (2011), [Online], Available: http://www.woodside.com.au [6 March 2012].
Young, E.&. (2011) 'Capital project life cycle management for oil and gas'.
ABC, News (2010) Youtube , 30 November , [Online], Available: http://www.youtube.com/watch?v=mHIIQZXutHw [7 March
2012].
Bibliography & References