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BP, Partners Reach FID for W. African LNG Project
= Aiming to start approx. 2.5 mtpa LNG production by FLNG from 2022 =
UK BP announced on 21st local time that it has made a final investment decision (FID) for the first phase of an LNG production project off the coast of Mauritania and Senegal. The Company and partners plan to commence LNG production of about 2.5 million mt a year from 2022 in the Tortue/Ahmeyim gas field straddling boundary between the two countries by using a floating LNG (FLNG).

This is the second LNG project reaching FID in 2018, following the LNG Canada project operated by Royal Dutch Shell etc. BP Gas Marketing, a subsidiary of BP, purchases the entire amount of LNG from the W. African project and plans to export abroad.

The Tortue/Ahmeyim gas field was discovered by US Kosmos Energy in 2015. BP in 2016 announced participation in the gas field development and was inaugurated as the project operator. Stakeholders in development blocks offshore Senegal, including the Tortue/Ahmeyim field, are BP with 60%, Kosmos Energy with 30%, Senegalese state-run Petrosen with 10%, and in Mauritania, BP holds 62%, Kosmos Energy 28%, Senegalese state-run SMHPM 10% stake respectively.

BP and the project partners intend to continue the discussion with the governments of the two countries and preparation works for the first development phase. Construction is planned to start in the first quarter of 2019, and the first production is planned in 2022.

On FLNG, Norwegian shipping company Golar LNG plans to deliver an FLNG to be converted from its existing LNG tanker. BP already sent Limited Notice to Proceed to Golar LNG, and Golar LNG in response to this has started the conversion of its LNG tanker "Gimi."

The Tortue/Ahmeyim gas field's gas reserve is estimated at 15 trillion cubic feet (approximately 300 million mt of LNG equivalent). BP plans to ramp up production volume in the future and charter the second FLNG from Golar LNG.
last modified : Mon 07 Jan, 2019 [11:28]
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