Ichthys Venturer, a floating production, storage and offloading (FPSO) vessel, has departed Okpo, South Korea and started sailing towards the Ichthys gas / condensate field near the shores of Western Australia.

The 336m-long ship-shaped facility will travel 5,600km to reach the Inpex-operated Ichthys LNG Project located in the Browse Basin.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Ichthys Project managing director Louis Bon said: “The sail away of the massive Ichthys Venturer marks another significant stride forward for the Ichthys LNG Project.

“The Ichthys Venturer has been designed to withstand cyclonic conditions and is one of the largest and most advanced offshore facilities of its kind in the world.”

The facility has a storage capacity of 1.12 million barrels of condensate and an operational lifespan of 40 years.

After reaching the location, the FPSO will undergo hook-up and commissioning procedures and be permanently moored in 250m-deep waters.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Last month, the central processing facility (CPF) of the LNG project, ‘Ichthys Explorer’, was successfully moored about 3.5km away.

"The Ichthys Venturer is one of the largest and most advanced offshore facilities of its kind in the world."

Ichthys Venturer will be responsible for processing and storing condensate delivered from the Ichthys Explorer, as well as offload the condensate to export carrier vessels at regular intervals.

Discovered in 2000, the Ichthys gas and condensate field is expected to produce 8.9 million tonnes of LNG and 1.6 million tonnes of LPG per annum.

In addition to Inpex, Total, CPC Corporation Taiwan and the subsidiaries of Tokyo Gas, Osaka Gas, Kansai Electric Power, JERA and Toho Gas hold interest in the project.

Ichthys is scheduled to become operational in March 2018.

Image: The Ichthys LNG Project’s central processing facility ‘Ichthys Explorer’ arrives in Australian waters following a 5,600km tow from South Korea. Photo: courtesy of INPEX.