• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 7 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 8 days The United States produced more crude oil than any nation, at any time.
  • 23 hours Could Someone Give Me Insights on the Future of Renewable Energy?
  • 9 hours How Far Have We Really Gotten With Alternative Energy
  • 5 hours Bankruptcy in the Industry
3 Oil & Gas Stocks Most Sensitive To Oil Price Swings

3 Oil & Gas Stocks Most Sensitive To Oil Price Swings

Apache, Marathon Oil Corp. and…

ING Chief Economist Calls for Further Rate Cuts in China

ING Chief Economist Calls for Further Rate Cuts in China

China's consumer inflation was lower…

BP Delays FLNG Project Offshore Mauritania, Senegal

BP has pushed back the start-up of its FLNG project offshore Mauritania and Senegal, the company said in its earnings report on Tuesday.

“Greater Tortue Ahmeyim (GTA) Phase 1 now expected to start-up during the first quarter of 2024,” bp said. Kosmos Energy is a non-operating partner on the project that bp says could transform Mauritania and Senegal into global LNG players within 30 years “creating prosperity and development at a local and national levels.”

The Tortue field, according to bp and Kosmos estimates, could contain 15 tcf of recoverable gas resource potential. GTA Phase 1 is the first step in establishing the basin as a world-class gas province and major LNG hub, bp says on its website.

GTA, spread across the C-8 block, was originally discovered back in 2015, with FID announced in December 2018.

Kosmos considers the project to be among the lowest-cost greenfield projects in the world, with the first phase delivering approximately 2.5 mmtpa of natural gas. It is also one of the deepest subsea developments in Africa.

Mauritania and Senegal have classified the project as a National Project of Strategic Importance due to the project's potential to secure domestic energy and energy revenues for the countries.

Phase 1 of the FLNG project includes an ultra-deepwater subsea system with four gas production wells, a mid-water FPSO vessel, and an FLNG facility.

The project was originally scheduled to achieve first gas in 2022, but it ran into multiple delays—including Covid-related delays­—that extended that date into 2023, and now into 2024. Some contractors working on the project have even alleged delayed payments for work completed.

ADVERTISEMENT

Phase 2 of the project was announced in February of this year, and is expected to produce up to 3 mmtpa.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News