Australia's Woodside Petroleum Ltd. announced Monday that the Browse Joint Venture participants have selected the use of floating liquefied natural gas (FLNG) technology as the development concept to commercialize the three Browse gas fields off Western Australia.
The company has recommended the concept, which involves using Shell’s FLNG technology and Woodside’s offshore development expertise for the Browse LNG Development, to the project partners Aug. 20.
"The Browse Joint Venture participants have agreed to progress Basis of Design (BOD) work in relation to the selected development concept," Woodside said in a press release.
Woodside will cary out the BOD phase, which will determine the major design parameters for Front End Engineering and Design (FEED) of the proposed subsea and FLNG facilities and associated infrastructure. The company will be supported by FLNG technology provider Shell as the partners seek to optimize development of the Browse resources.
"Work will commence immediately to undertake all of the necessary studies and work required to place the Browse Joint Venture participants in a position to consider the commencement of FEED for the selected development concept in 2014," Woodside added.
The firm decided in April not to proceed with the Browse LNG onshore development at James Price Point in the north-west of Western Australia, citing that the project - estimated to cost $42.2 billion (AUD 40 billion) - was not commercially viable.
Woodside said then that its decision was "driven by commercial risk and reward consideration and the proposed concept doesn't provide the economic return required to proceed with the project."
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