North West Shelf Venture Celebrates 25 Years of Operations

Australia's greatest resource project is celebrating a major birthday, with this month marking 25 years since the Woodside-operated North West Shelf Venture began processing natural gas.

This year also marks the 20th anniversary of liquefied natural gas exports from the North West Shelf Venture, with more than 2700 cargoes delivered to the Asia Pacific region and other parts of the world since 1989. The Venture is now one of the world's largest producers of LNG.

Woodside's Chief Executive Officer and Managing Director, and Chairman of the North West Shelf Venture Principals Leadership Team, Don Voelte said the North West Shelf was an ambitious and visionary development which had helped pave the way for the growth of Australia's upstream energy industry.

"The North West Shelf was a massive undertaking which required bipartisan government support and cooperation between the Venture participants and industry. When it was developed in the 1980s it was the largest construction project Australia had ever seen, and it put Australia on the map as a major participant in the international energy market," Voelte said.

"Today, this A$27 billion project represents Australia's largest resource development and accounts for more than 40 percent of Australia's oil and gas, 65 percent of gas production in Western Australia and one percent of the nation's gross domestic product."

Reflecting on the Venture's history, Voelte paid tribute to the people who have been involved with this pioneering development over many decades.

"In commemorating this significant milestone, we also celebrate the efforts of all those people -- including past and present employees -- who have been involved with the development, and ongoing safe and reliable operation, of the North West Shelf Venture. They should all feel immensely proud of their achievements," he said.

Woodside's Executive Vice President, North West Shelf and Chief Executive Officer of the North West Shelf Venture, Eve Howell said that the North West Shelf Venture has continued to invest in developing its infrastructure for the future, and would contribute to Australia's economic prosperity for years to come.

"Since 1984 the Venture has continued to invest in expanding its facilities, as evidenced by the recent successful completion of the A$2.6 billion Phase V Expansion and A$1.6 billion Angel Project in 2008, and the A$5 billion North Rankin Redevelopment Project which is currently underway," Howell said.

"With ongoing development, the Venture continues to be a major contributor to Australia, injecting A$3 billion a year in taxes and royalties, investing almost A$800 million a year in operating costs, providing opportunities for Australian companies, creating employment and investing in infrastructure to support the Shire of Roebourne community."

The six equal participants in the North West Shelf gas venture are BHP Billiton Petroleum (North West Shelf) Pty Ltd, BP Developments Australia Pty Ltd, Chevron Australia Pty Ltd, Japan Australia LNG (MIMI) Pty Ltd, Shell Development (Australia) Pty Ltd and Operator Woodside Energy Ltd. The China National Offshore Oil Corporation is also part of the North West Shelf Venture but does not have an interest in its infrastructure.
 

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: CNOOCmore info
 - US Reversal On Transparency Could Sting Canadian, European Oil Companies (Feb 3)
 - China's Oil Majors Set To Lift CAPEX For First Time In Years (Jan 26)
 - China To Tender More Xinjiang Oil, Gas Blocks To Non-State Firms (Jan 23)
 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)
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Pressure Equipment Integrity Engineer
Expertise: Chemical Engineering|Mechanical Engineering|Process Engineer
Location: Norco, LA
 
Concrete Finisher
Expertise: Laborer|Painting / Coating / Blasting|Workshop
Location: DC, DC
 
US, Kilgore, TX: Mechanic Technician I - III
Expertise: Mechanic|Mechanical Technician
Location: Kilgore, TX
 
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours