Tamboran Resources Ltd (ASX:TBN, OTC:TBNRF) has awarded John Wood Group plc the contract to select the most suitable concept for its proposed Northern Territory LNG (NTLNG) project at the Middle Arm Sustainable Development Precinct in Darwin.
The company secured exclusivity for the 170-hectare project from the Northern Territory Government last month, where it expects to utilise low reservoir carbon dioxide gas from its Beetaloo Basin projects to produce liquefied natural gas (LNG) by 2030.
Tamboran is aiming for an initial production capacity of 6.6 million tonnes per annum, with the potential for future expansion.
Scope of study
The concept selection phase will evaluate the technical and commercial opportunity for the LNG development, subject to the establishment of commercial flow rates from the Beetaloo Basin.
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.
It is expected to be completed in the first half of next year ahead of the pre-front-end engineering and design (pre-FEED) in 2024.
Committed to project
“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,” Tamboran managing director and chief executive officer Joel Riddle said.
“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 top-tier companies, including APA Group (pipelines), Helmerich & Payne (drilling), bp and Shell (LON:RDSa) (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."
Expert help at hand
John Wood Group executive president of Consulting Azad Hessamodini added: “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.”