High Arctic Energy Services Inc T.HWO

TotalEnergies awards upstream FEED for Papua LNG

[40YardLine]

The final investment decision for Papua LNG is scheduled for 17 months after the start of FEED, and first gas is planned for 44 months after project sanction.

Three FEED contracts were up for grabs for Papua LNG — the upstream central processing facility and well pads; the onshore and offshore pipelines; and the early works. Upstream had earlier reported Australia’s Worley as being in a good position to land the pipelines FEED.

TotalEnergies is operator of the upstream and pipeline components for Papua LNG while ExxonMobil will be responsible for construction and operation of the four electric liquefaction trains (e-trains) with a combined capacity of 4 million tonnes per annum as these will be sited within the US supermajor’s existing PNG LNG project.
TotalEnergies awards upstream FEED for Papua LNG | Upstream Online

[AVALONSHARK]

This means the earliest FID can happen is August 2024 !!  Santos hasn't renewed rig 104 and heliportable 115/116 won't be necessary before active drilling restarts. This stock will be dead meat till then, if Papua LNG gets a final investment decision. In absence of any other revenue stream or any strategic acquisition, selling Canadian business was a huge blunder and we all

[JonathanJSmith]

You mean they're not going to make HUGE money...and I mean HUGE money with PIMS, and their ancillary businesses? lol As mentioned earlier, if they raise the divy to $0.01/sh/mo. then at least it'll be worth holding until then. Many shareholders can live with a 10%+ dividend for a year or two, until the stock price starts to recover. I dont' know why they're so hesitant to raise

[40YardLine]

Initial feed was July 20, 2022 so that would put FID in December. TotalEnergies announces progress on Papua New Guinea LNG project | Reuters

[AVALONSHARK]

Yes, my mistake. I just cross checked the initial FEED start and it was July of last year.