Participants in PDL 10 are:-
The Stanley field is located in PDL 10, approximately 40 km by road from the township of Kiunga in the Western Province of PNG.
Repsol, operator of the Stanley joint venture, continued to progress commercial and technical discussions with Ok Tedi Mining Limited and regional mining operators with respect to gas sales for power generation.
Concurrently, Repsol continued its optimisation review of project design, execution and timing prior to entering into material contracts for fabrication and construction of the project facilities.
Horizon Oil anticipates the revised project configuration will entail a phasing of the ultimate development and associated capital costs, matching the gas demand for power generation with the requirements of regional mining, industrial and domestic consumers and enabling a reduced initial capital investment.
Repsol is currently reviewing the responses to the invitation to tender for the Stanley front end engineering design.