TotalEnergies said on September 7 that Papua LNG in Papua New Guinea had reached major commercial milestones toward a final investment decision. The EPC tender process was completed, and estimated capital expenditure fell to about US$14 billion after nearly US$4 billion in savings.
ExxonMobil is to take over operatorship; TotalEnergies said it would retain a 20% project interest after partner transfers and the state’s back-in right. The project is designed for 5.6 million tonnes of LNG a year, but the company said a final investment decision has not yet been taken.
Combined Group says it won a KWD 9.7m tender for repair and revamping services at Kuwait Oil Company production facilities in West Kuwait. The execution period is five years.
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