Wood, awarded contract for proposed NTLNG Concept Select
Wood awarded NTLNG Concept Select Contract
Sydney, July 25, 2023 AEST (ABN Newswire) - Tamboran Resources Limited (
ASX:TBN) (TBNNY:OTCMKTS) has awarded John Wood Group plc, (Wood), (LON:WG) the contract to undertake the Concept Select Engineering phase for the proposed NTLNG development at the Middle Arm Sustainable Development Precinct (Middle Arm) in Darwin.
This initial engineering phase will evaluate the technical and commercial opportunity to construct a 6.6 million tonne per annum (MTPA) LNG development, subject to establishment of commercial flow rates from Tamboran's Beetaloo Basin assets.
The Concept Select phase is expected to be completed during the first half of 2024, ahead of entering pre-Front-End Engineering and Design (pre-FEED) during 2024.
The scope of the studies includes evaluation of the proposed three train concept, LNG liquefaction technology selection including the evaluation of e-drives powered by renewables and carbon capture and storage infrastructure, site configuration and initial cost estimates.
Tamboran Resources Limited Managing Director and CEO, Joel Riddle, said:
"Tamboran is excited to be working closely with one of the world's most experienced engineering and consulting businesses, as we advance the development of the proposed NTLNG project. The commencement of this engineering phase with Wood signals Tamboran's intent to design and develop a best-in-class, low emissions facility to process low-reservoir CO2 Beetaloo gas for global LNG customers.
"Our partnership with Wood in Darwin aligns perfectly with Tamboran's commitment to working with toptier companies, including APA Group (pipelines), Helmerich & Payne (drilling), bp and Shell (LNG), to ensure a seamless and high-integrity new LNG development brought to market as quickly as possible.
"Having been granted exclusivity over the Middle Arm site less than 50 days ago, we are keen to demonstrate our commitment to commercialising the Company's significant gas resources in the Beetaloo Basin via the East Coast gas market and international LNG.
John Wood Group plc, (LON:WG) Executive President of Consulting, Azad Hessamodini, said:
"As we continue to balance the need for secure, affordable and sustainable energy, LNG plays a crucial role as an enabler in helping the world transition to fuel sources with lower carbon intensity. Working together with Tamboran, we are bringing our global LNG expertise and experience to help realise this important project for Australia and the wider region. Leveraging our industry-leading expertise in decarbonisation and digitalisation, we will help ensure that the NTLNG development becomes a leading producer of low-emissions LNG."
To view Key Metrics for the Proposed NTLNG development, please visit:
https://abnnewswire.net/lnk/PFHGR4WQ
About Tamboran Resources Corporation
Tamboran Resources Corporation (ASX:TBN) is a natural gas company that intends to play a constructive role in the global energy transition towards a lower carbon future by developing low CO2 unconventional natural gas resources in the Beetaloo Sub-basin within the Greater McArthur Basin in the Northern Territory of Australia. Tamboran's key assets are a 25% working interest in EP 161 and a 100% working interest in EP 136, EP 143 and EP(A) 197 which are located in the Beetaloo Sub-basin.
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