The exploration drilling program for the planned expansion of the Pluto LNG Project has concluded without discovering adequate gas volumes, and the program will undertake a temporary break to evaluate results, according to project operator Woodside.
After drilling 25 wells looking for gas to expand the Pluto project, Woodside Chief Executive Officer Peter Coleman has conceded that a break in the program is required to allow a thorough evaluation of the well results and to rebuild the exploration portfolio.
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“With regard to the Pluto expansion, the current phase of exploration drilling to support additional trains has concluded without discovering the volume of commercial gas that is required to endorse a final investment decision at this point in time,” said Mr Coleman. “Nonetheless, discussions with other resource owners regarding potential Pluto expansion are active and are expected to continue through 2013.”
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