About the Front End Engineering DesignDuring the Ichthys field FEED, the joint venture will define the productionfacilities comprising a subsea gas gathering network, a floating centraloffshore processing facility for the gas, a floating production storage andoffloading unit for the condensate, and a gas pipeline to Darwin. Total, which is very active worldwide along the entireLiquefied Natural Gas (LNG) chain, from field exploration and production to gastrading, is committed alongside INPEX to the development of the Ichthys projectto deliver LNG to the markets". Yves-Louis Darricarrère, President Exploration and Production Total, said: "Withthe launch of the Ichthys field offshore FEED, the project enters a new phase inwhich the facilities are defined and evaluated in more detail prior to the FinalInvestment Decision. With proved and probable reserves estimated to be around 530 million barrels ofcondensate and 12.8 trillion cubic feet (tcf) of natural gas, Ichthys is one ofthe largest discoveries in Australia, and will be the first major gasdevelopment in the Browse Basin Region.
PARIS--(Business Wire)--Total and INPEX launch the offshore FEED for the Ichthys LNG project inAustraliaTotal announces that the joint venture holding the Australian exploration permitWA-285-P (Total 24%, INPEX 76% operator) has decided to launch the Front EndEngineering and Design (FEED) for the development of the Ichthys field, locatedin the Browse Basin approximately 200 kilometres offshore North West Australiaand approximately 850 kilometres to the west of Darwin. The Bonn-based company had announced plans to reorganize theunits in February (Reporting by Nicola Leske). The step will not result in job cuts but some managementposts would become redundant, Deutsche Telekom said It wouldalso help save on processing and IT costs. An extraordinary shareholders' meeting will be called thisyear to vote on the measure, it said in a statement. COLOGNE, Germany, April 30 (Reuters) - Deutsche Telekom(DTEGn.DE) plans to combine its German fixed-line and wirelessunits into a single division to help save costs, it said onThursday. The operation came after nine Turkish soldiers were killed in a bomb explosion in Turkey's southeast on Wednesday, in the deadliest such attack on security forces in months Turkey Turkey.
ANKARA, April 30 (Reuters) - Turkey's military said it had launched air strikes against suspected Kurdistan Workers Party (PKK) bases in northern Iraq overnight and on Thursday. (Reporting by Usman Merchant in Bangalore; Editing by TresaSherin). It reported a 2008 pretax loss of $11.9 million against aprofit of $7.9 million last year. The company's operating expenses rose to $6.9 million from$2.8 million a year ago, while financial expenses shot up to$17.9 million from $0.5 million. AsianLogic's adjusted pretax profit for the year ended Dec.31, 2008 almost halved to $6.3 million from $12.4 million lastyear Revenue rose 82 percent to $98.7 million. The company said it would not pay a final dividend, makingthe total dividend for the year 2.9 cents. "However, the capital expenditure, marketing andadvertising spend required to grow this business means thatprofitability will be impacted throughout 2009 and into 2010",Vice Chairman Tom Hall said in a statement.