Inpex Buys into Prelude FLNG project

Inpex Corporation has agreed to acquire a 17.5%  participating interest in the Prelude FLNG Project from Shell Development  (Australia)  Proprietary Limited (SDA), a subsidiary of Royal Dutch Shell plc. 

The Prelude FLNG Project is located in WA-44-L, approximately 475km north-northeast of Broome, off the coast of Western Australia, consisting of the Prelude gas field and the Concerto gas field. 

These gas fields will be developed utilizing a FLNG facility, and will  produce at least 3.6 million tonnes per annum of LNG, along with 0.4 million tonnes per annum of LPG (liquefied petroleum gas) and approximately 36 thousand barrels per day of condensate at peak.