The Pluto Foundation Project is 95% complete

abarrelfullabarrelfull wrote on 30 Nov 2010 16:02
Tags: australia lng woodside

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As foreshadowed in Woodside’s most recent quarterly report a comprehensive six-monthly cost and schedule review for the Pluto Foundation LNG Project has just been completed. The review has led to a revised ready-for-start-up (RFSU) target of August 2011. The first LNG cargo is targeted a month after start-up.

The change in schedule is driven by the failure of the project’s flare tower contractor to take into account the specified wind loading requirement of the flare towers. After consideration of several remedial options the flare towers are being replaced. A temporary flare tower will be used to assist during commissioning.

The revised cost of the Pluto Foundation LNG Project (including costs associated with mitigating the shortfall of LNG cargoes) is A$14 billion. This represents a 6.9% increase to the project’s earlier A$13.1 billion estimate, as outlined below.

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