On behalf of Tangguh Production Sharing Contract Partners, BP has recently announced that the Final Investment Decision (FID) has been approved for the development of the Tangguh Expansion Project in the Papua Barat Province of Indonesia.
âThe Tangguh Expansion Project demonstrates BP and its partnersâ continued confidence in Indonesia and our commitment to work closely with the government to meet the countryâs energy needs, while creating thousands of jobs,â? said Bob Dudley, BP Group Chief Executive.
The Tangguh Expansion Project will add a third LNG process train (Train 3) and 3.8 million tons per annum (mtpa) of production capacity to the existing facility, bringing total plant capacity to 11.4 mtpa. The project also includes two offshore platforms, 13 new production wells, an expanded LNG loading facility, and supporting infrastructure.
The Tangguh Expansion Project will play an important role in supporting Indonesiaâs growing energy demand, with 75% of the Train 3 annual LNG production sold to the Indonesian state electricity company PT. PLN (Persero). It will also bring a positive contribution to Indonesia and the Papua Barat Province starting in 2016, supporting economic growth and providing 10,000 valuable jobs spread over the project period.
