Woodside gets approval for $2-billion North West Shelf project
PERTH, Australia -- Woodside, as operator of the North West Shelf (NWS) project, said Friday that the project participants have approved the Greater Western Flank Phase 2 (GWF-2) project off the north-west coast of Australia.
The GWF-2 project will develop 1.6 Tcf of raw gas from the combined Keast, Dockrell, Sculptor, Rankin, Lady Nora and Pemberton fields using subsea infrastructure and a 35-km, 16-inch pipeline connecting to the existing Goodwyn A platform.
The total investment for the project is expected to be approximately $2.0 billion, with initial project start-up expected in the second half of 2019.
Gas delivery will initially commence from five wells in Lady Nora, Pemberton, Sculptor and Rankin fields, followed by the remaining three wells in Keast and Dockrell fields in the first half of 2020.
The GWF-2 project is the fourth major gas development for the NWS project in the past seven years, demonstrating a continued focus on maximizing value from this world-class asset by delivering sanctioned projects and developing reserves.
Woodside CEO Peter Coleman said, “GWF-2 is an economically robust project that will deliver significant value by leveraging Woodside’s substantial experience in delivering major subsea tieback projects. The GWF-2 project continues a series of NWS project subsea tiebacks that are commercializing its gas reserves in a timely and efficient manner to extend plateau production.”
The NWS project participants are: Woodside Energy Ltd. (Operator; 16.67%); BHP Billiton Petroleum (North West Shelf) Pty Ltd (16.67%); BP Developments Australia Pty Ltd (16.67%); Chevron Australia Pty Ltd (16.67%); Japan Australia LNG (MIMI) Pty Ltd (16.67%); and Shell Australia Pty Ltd (16.67%).
