Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
Many base load gas liquefaction projects currently in planning are being hit by high upstream cost inflation, which has increased at unprecedented rates in the past two decades. Projects in Australia (e.g. Gorgon), Nigeria (e.g. OK LNG), Angola and Algeria (e.g. Gassi Touil) are all considering reconfigurations to deal with escalating budgets. They do not want to repeat the massive cost overrun experiences of Shell and partners at Sakhalin in Russia and Statoil and partners at Snohvit in Norway. Shell has also announced substantial cost escalation to its Qatargas 4 project, increasing its budget to $8 billion and its Pearl GTL project also in Qatar, increasing its budget above $14 billion.
Equatorial Guinea LNG, onstream in May 2007, delivering its first cargo some six months ahead of schedule, is a rare exception. The completion of this $1.5 billion project is a great boost to Marathon, the operator and 60% equity holder...
This area of the site is restricted.
In order to gain access, please either Log
In, or subscribe to World Oil.
Two options are available to you for creating an account.
1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.
Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.
2. Purchase a subscription to World Oil magazine and gain immediate
and complete access to World Oil Online. As a Total Access subscriber
you will have access to all areas of the site available to registered users and
free subscribers as well as having access to such premium content areas as:
Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.
If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
Kuala Lumpur - March 25-28
The Woodlands, TX - April 1-3
Houston, TX - April 6-9
All material subject to strictly enforced copyright laws.
© 2014 World Oil. © 2014 Gulf Publishing Company.