Australia Pacific LNG expects to spend about $3 billion on development and maintenance in 2018, according to chief executive officer Warwick King.
This would include a wide range of development activities in the gas fields, as well as operations and maintenance activities for gas processing infrastructure, pipelines and the LNG Facility on Curtis Island near Gladstone.
“This expenditure reflects our long-term commitment to regional Queensland as we expect to invest significant amounts in capital works and spend on operational activities every year for at least the next decade,” Mr King said.
“This is the level of expenditure needed to ensure we meet our long-term commitment to the Australian domestic market as well as our LNG export commitments.”
Development activities by upstream operator Origin include the drilling of 250 to 300 new natural gas wells, construction of associated support infrastructure, and continued focus on exploration and assessment activities.
Operational and maintenance activities by downstream operator ConocoPhillips include scheduled shutdowns, including a single train shutdown of one train at the Curtis Island LNG Facility in March and the other train in April.