Trade and Investment roundtable
The 5th Korea–Northern Territory Trade and Investment Roundtable was held in Darwin last week.
The roundtable was an opportunity to strengthen mutual collaborations between the Northern Territory and Korea and showcase trade and investment opportunities in the Territory.
Discussions covered investment opportunities in the mineral and energy, agribusiness, tourism infrastructure sectors.
Korea is our sixth largest export market and are linked to major projects in the Northern Territory through the petroleum industry.
Korea recently completed construction of the Shell Prelude floating liquefied natural gas facility which is now on its way to waters off North West Australia.
The Northern Territory will play a significant role in the supply chain for Prelude, through the Darwin Supply base and other contractors who will manage warehousing, maintenance and logistics.
In addition, the Central Processing Facility for the INPEX led Ichthys LNG project was built in South Korea at the Smasung Heavy Industries shipyard. It is the world’s largest semi-submersible platform and has just been moored off the north west coast of Western Australia, it will be located there for the next 40 years.
Barossa Offshore Project Proposal published for public comment
ConocoPhillips is pleased to advise that the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has published the Barossa Area Development Offshore Project Proposal (Barossa OPP) for public comment.
ConocoPhillips Australia Exploration Pty Ltd (ConocoPhillips) and its co-venturers, SK E&S Australia Pty Ltd and Santos Offshore Pty Ltd is proposing to develop discovered hydrocarbon resources located in Commonwealth waters, approximately 300 kilometres north of Darwin, Northern Territory.
Construction of the Northern Gas Pipeline begins in Tennant Creek
Construction officially begins today on the 622 kilometre long Northern Gas Pipeline to run from Tennant Creek to Mt Isa, with more than 90 people attending a sod-turning ceremony at the Phillip Creek compressor station.
The $800 million pipeline will connect the Northern Territory to the national gas grid, and has been touted as a possible solution to the supposed east coast gas shortage.
Top End cattle property Kalala Station returns to market, with contracted sale falling through
A highly-regarded Northern Territory cattle station, which had been under contract for six months, has been returned to the market with the purchaser unable to complete the sale.
A foreign entity had reportedly committed $70 million for Kalala Station, south of Katherine on the Sturt Plateau, in October last year.
Shell’s Prelude FLNG facility begins journey to Australia
Shell Australia’s Prelude floating liquefied natural gas (FLNG) facility left the Samsung Heavy Industries shipyard in Geoje, South Korea this morning, marking a significant milestone for the project. The facility, constructed by Technip Samsung Consortium, is being towed to North West Australia, where the next phase of the project will commence.
On arrival at the Prelude offshore gas field, 475 kilometres north-north east of Broome, Western Australia, pre-positioned mooring chains will be lifted from the seabed and secured to the facility. Once secure, the complex hook-up and commissioning process will begin.
The safe and reliable start-up of Prelude’s operations will be the project team’s focus through the next phase.
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