NWS JV to Develop $2B Greater Western Flank Phase 2 Project Off Australia

Woodside Petroleum Ltd., as Operator of the North West Shelf (NWS) Project, announced 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 trillion cubic feet of raw gas (2P 100 percent project basis) from the combined Keast, Dockrell, Sculptor, Rankin, Lady Nora and Pemberton fields using subsea infrastructure and a 21.7 miles (35 kilometers), 16 inch pipeline connecting to the existing Goodwyn A platform.

The total investment for the project is expected to be approximately $2.0 billion (Operator’s estimate; 100 percent cost), with initial project start-up expected in 2H 2019.

Gas delivery will initially commence from five wells in the Lady Nora, Pemberton, Sculptor and Rankin fields, followed by the remaining three wells in the Keast and Dockrell fields in 1H 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,” Coleman said.

The NWS Project participants are: Woodside Energy Ltd. (Operator; 16.67 percent); BHP Billiton Petroleum (North West Shelf) Pty Ltd. (16.67 percent); BP Developments Australia Pty Ltd. (16.67 percent); Chevron Australia Pty Ltd. (16.67 percent); Japan Australia LNG (MIMI) Pty Ltd. (16.67 percent); and Shell Australia Pty Ltd. (16.67 percent).

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
 Company: BHP Billitonmore info


 - BHP Is 'Very Anxious' U.S. Protectionism Could Blunt Growth (Feb 27)
 - BHP Billiton Named as Pemex's First Deepwater Oil Partner (Dec 5)
 - GTI, BHP Billiton Partner on Permian Fracturing Test (Oct 26)
 Company: BP plcmore info


 - Unite Expresses Concern Over Possible Forties Pipeline System Sale (Mar 17)
 - BP Appoints New Heads Of Production, Drilling As Output Set To Jump (Mar 16)
 - Wood Group Wins Mad Dog 2 Contracts (Mar 14)
 Company: Woodsidemore info


 - Woodside Flags Growth Options After Tough Year (Feb 22)
 - Australia, East Timor Aim To Agree Maritime Border By Sept (Jan 24)
 - Subsea 7 Secures Services Contract with Woodside Energy (Dec 2)
 Company: Chevron Corporationmore info
 - Gulf Of Mexico Lease Sale Nets $315M in Bids, Feds Suggest Trump Bounce (Mar 22)
 - China's Sinopec Buys First Major African Refinery In Chevron Deal (Mar 22)
 - Oil Giants Upending Shale Turf Where Wildcat Drillers Once Ruled (Mar 21)
 Company: Japan Australiamore info
 - NWS JV to Develop $2B Greater Western Flank Phase 2 Project Off Australia (Dec 11)
 - NWS JV to Develop $1B Persephone Project Off Northwest Australia (Nov 27)
 - Japan Australia LNG Terminates Purchase Deal with Woodside for Browse LNG (Jan 2)
 Company: Royal Dutch Shell plcmore info
 - Oil Giants Upending Shale Turf Where Wildcat Drillers Once Ruled (Mar 21)
 - Shell To Drill New Wells By End-2018 To Shore Up Australia Gas Supply (Mar 21)
 - Nigerian Court Overturns Seizure Of Oilfield From Shell And Eni (Mar 17)
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
United States Odessa: Engineer - Frac/Acid
Expertise: Petroleum Engineering
Location: Odessa, TX
 
United States Houston: Senior Drilling Fluids Engineer
Expertise: Drilling Engineering
Location: Houston, TX
 
Region Leader - Field Development
Expertise: Field Development|Process Engineer|Subsea Engineering
Location: Houston
 
search for more jobs

Brent Crude Oil : $50.64/BBL 0.62%
Light Crude Oil : $48.04/BBL 1.47%
Natural Gas : $3.01/MMBtu 2.58%
Updated in last 24 hours