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TOTAL Plans to Acquire an Additional 6% Interest in the Ichthys LNG Project in Australia - Initiative to Strengthen TOTAL's LNG Portfolio
GlobalData, Dec 2011, Pages: 8
TOTAL Plans to Acquire an Additional 6% Interest in the Ichthys LNG Project in Australia - Initiative to Strengthen TOTAL’s LNG Portfolio - Deal Analysis from GlobalData
Summary
Total S.A. (TOTAL) intends to acquire an additional 6% interest in the Ichthys liquefied natural gas (LNG) project in Australia, from INPEX Corporation (INPEX). Ichthys is a joint venture between INPEX Browse Ltd, a subsidiary of INPEX (the operator of the field with 76% stake) and Total E&P Australia, a subsidiary of TOTAL (24%). Following the transaction, TOTAL will hold a 30% interest in the project. The Ichthys field measures approximately 40 kilometers (km) by 20km of undeveloped gas fields, with reserve estimates of 12.8 trillion cubic feet (tcf) of gas and 527 million barrels (MMbbl) of condensate, and an expected operational life of over 40 years. The Ichthys project is expected to initially produce more than eight million tons of LNG per annum (MMtpa), approximately 1.6 MMtpa of LPG and 100,000 barrels of condensate per day (bbl/d).
Scope
- Rationale behind TOTAL acquiring additional stake in Ichthys project,
- Strategic benefits for the companies involved,
- Geography covered - Australia
Reasons to buy
- Develop a sound understanding of the major M&A's, Partnerships, and Joint Ventures taking place in Asian-Pacific industry,
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the Australia's oil & gas market,
- Get a detailed analysis of a deal to enable you to take better decisions.
Keywords
TOTAL, Ichthys, LNG, Australia, INPEX, NPEX Browse, Total E&P Australia, LPG, Japan, FEED
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