Pluto LNG

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This is about the percurment strategies in one of the biggest LNG project in Australia

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Pluto LNG

  1. 1. Davood Nattaghi March 2012
  2. 2. Agenda Introduction Overview Objectives and Aims Time Schedule Facts Reasons for Delay Bibliography & References Appendix
  3. 3. Project Introduction Operator: Woodside Petroleum Ltd Location: North West Shelf of Western Australia Timeframe: 25 year lifespan, expected to start production during first half of calendar year 2012 Initial Estimated Cost: £ 8 billion Reserves: about 5 trillion cubic feet of natural gas Supply volume: 4.3 million tons natural gas per year
  4. 4. Project Overview LNG Plant Platform & Topsides Facility Pipeline / Mono Ethyl Glycol (MEG) Line Subsea Production Wells Flow lines and Risers
  5. 5. Project Overview The project is a joint venture between Woodside the operator, Tokyo Gas and Kansai Electric, who became project partners in January 2008 Project is underpinned by 15-year sales agreements with Kansai Electric and Tokyo Gas Interest Proportion 5% 5% Woodside Tokyo Gas 90% Kansai Electric
  6. 6. Project Aims Provide a reliable source of clean energy to Woodside’s customers in the Asiapacific region Boost the West Australian economy by at least £19 billion over its lifetime Create up to 6,000 jobs Maximising opportunity for Australian suppliers and contractors Protection of the environment
  7. 7. Project Initial Schedule
  8. 8. Project Facts Pluto project is now 15 months behind original schedule Project costs rose from £ 8 billion to almost £ 10 billion Woodside Petroleum’s full year profits fell by 4.3 percent
  9. 9. Reasons for Delay Bad weather and heavy rain Mechanical faults experienced with installation Design faults Onshore commissioning errors Project complexity and labour issues
  10. 10. Bibliography & References 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/breakingnews/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/27096woodside-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].
  11. 11. 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].
  12. 12. Thank you for your attention
  13. 13. Appendix

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