By Giulia Petroni 
 

Total SE said Wednesday that it has agreed with the government of Papua New Guinea to remobilize the teams and resources needed to move forward with the development of its liquefied natural gas project in the region.

"After a year of delay because of Covid-19, the government of PNG and Total as operator are pleased to announce the remobilization of the project teams and of other required resources," the French oil-and-gas major said.

The project will target the production of two discoveries located on block PRL-15, Elk and Antelope. The gas produced from these fields will be liquefied in two liquefaction trains, which will be built with a total capacity of 5.6 million tons a year.

Total said it aims to launch a front-end engineering design or FEED work in early 2022 and prepare for a final investment decision in 2023.

The company operates the Elk and Antelope onshore fields and is the largest shareholder of the PRL-15 permit with a 31.1% interest.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

May 05, 2021 06:35 ET (10:35 GMT)

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