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CNOOC Limited Announces the First LNG of Tangguh

Source: www.gulfoilandgas.com 7/6/2009, Location: Asia

CNOOC Limited announced that Tangguh LNG project, which the Company holds about 13.9% interest, has shipped its first commercial cargo, representing the successful commencement of this world-class LNG project.

Tangguh LNG is Indonesia’s third largest LNG center. It comprises the development of six gas fields within the three PSC areas: Berau, Muturi and Wiriagar in Papua Barat.

Production facilities of Tangguh LNG phase I include two platforms and one LNG plant. Mr. Yang Hua, President of the Company said: “The successful startup of Tangguh project is a remarkable achievement for a project of this scale. We are glad to see that the project has started to contribute to the company’ s business line”

Tangguh project is operated by BP Indonesia with a 37.16% interest. Other partners are MI Berau B.V. (16.3%), Nippon Oil Exploration (Berau) Ltd. (12.23%), KG Berau/KG Wiriagar (10%), LNG Japan Corporation (7.35%) and Talisman (3.06%).

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Related Categories: Freight Forwarding  General  Project Logistics  Shipping & Marine Services  Shipping Lines  Specialized Transport  Warehouse Logistics 

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