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Project : SUNRISE PROJECT - TROUBABOUR/LOXTON SHOALS

Oil & Gas
Pipelines & associated contracts
  Estimated Project Value
$ 5,000,000
Address Bonaparte Basin Timor Sea approx 450 km north west of Darwin
Suburb .
State NT
Council Offshore
Postcode 8999
Project Type Gas Pipeline
Development Type New
Status Early
Stage Early Planning
Ownership J/V - Private & Govt
Notes
Development Options Decision Announced Two Development Options Rejected Gas Supply To Regional Markets Likely
Commence Date 5/5/2003
Completion Date 1/5/2005
Details
  • A proposal for piping gas 500 km to shore for sale in Darwin and elsewhere in Australia has been found to be not viable.
  • Domestic consumers have been notified.
  • The joint venture partners will now focus on securing ratification of the Timor Sea Treaty and the International Unitisation Agreement for sunrice, finalsing joint venture commercial agreements and securing customers for Sunrise.
  • Success on these fronts will be required before the project can enter the basis of design phase.
  • Associated project reported Mining Report this Issue Planning Secn.
 
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