Total announces that the joint venture holding the Australian exploration permit WA-285-P (Total 24%, Inpex 76% operator) has decided to launch the Front End Engineering and Design (FEED) for the development of the Ichthys field, located in the Browse Basin approximately 200 kilometres offshore North West Australia and approximately 850 kilometres to the west of Darwin. With proved and probable reserves estimated to be around 530 Mbl of condensate and 362 bcm (12.8 Tcf) of natural gas, Ichthys is one of the largest discoveries in Australia, and will be the first major gas development in the Browse Basin Region. During the Ichthys field FEED, the joint venture will define the production facilities comprising a subsea gas gathering network, a floating central offshore gas processing facility, a floating production storage and offloading unit for the condensate, and a gas pipeline to Darwin. A separate FEED for a LNG plant located onshore in Darwin to liquefy the gas produced from Ichthys was launched in January 2009.
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