The Tangguh Production Sharing Contract Partners (BP with 37.16%, MI Berau with 16.3%, CNOOC with 13.9%, Nippon Oil with 12.23%, KG Berau and KG Wiriagar with 10%, Indonesia Natural Gas Resources Muturi with 7.35% and Talisman Wiriagar with 3.06%) have made the Final Investment Decision (FID) for the development of the Tangguh Expansion Project in the Papua Barat Province of Indonesia.
The Tangguh Expansion Project will add a third LNG process train (Train 3) and 3.8 Mt/year of production capacity to the existing facility, bringing total plant capacity to 11.4 Mt/year. The project also includes two offshore platforms, 13 new production wells, an expanded LNG loading facility, and supporting infrastructure. So far, BP has reached agreements with Kansai Electric (Japan) to acquire 1 Mt/year from the third train and with Indonesia's national power utility PLN for the remainder.
Awards for the project’s key engineering, procurement and construction (EPC) contracts are expected in the third quarter of 2016 with construction to begin thereafter. Operation is expected in 2020.