The award of these contracts is expected to help Santos maintain its project schedule, with a decision to move to a formal front end engineering design (FEED) process anticipated by the end of 2008 or early-2009, a final investment decision by the end of 2009 and first liquefied natural gas (LNG) cargos in early-2014.
By appointing two contractors to separately undertake this evaluation work, Santos seeks to consider the optimum technical design, cost and schedule implications of two different process technologies for the Gladstone LNG (GLNG) project.
David Knox, Santos’s acting CEO, said: This is clearly a significant milestone, and further demonstrates the momentum which is building around GLNG. Today’s dual pre-FEED contract awards have been achieved in line with the project schedule as previously communicated to the market.
