Woodside Mulls Shell FLNG Concept for Browse
SYDNEY - Woodside Petroleum Ltd. Tuesday said it has agreed to look at Royal Dutch Shell PLC's technology for processing natural gas at sea as a way to develop its Browse resource offshore Western Australia.
The move comes just a fortnight after Woodside and partners in the Browse joint venture, which include Shell, abandoned plans for an US$40 billion onshore liquefied natural gas, or LNG, development due to its high cost. At that time, Shell said its floating LNG technology was the fastest and most economic way to develop Browse.
In a statement Tuesday, Woodside Chief Executive Peter Coleman said he now agreed that floating LNG could be the quickest way to develop Browse, which contains an estimated 15.5 trillion cubic feet of natural gas.
All partners will need to approve floating LNG or another development plan before construction could go ahead. Other investors in Browse include BP PLC, Mitsubishi Corp. and Mitsui & Co.
WHAT DO YOU THINK?
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.
Operates 30 Offshore Rigs
- UK Firm Intertek Says Employee Involved in Shell Oil Theft Case (Jan 17)
- Shell Looks Beyond Road Fuels to Secure Future of Refining (Nov 06)
- API Panel Member: Voluntary Methane Program Forthcoming (Oct 06)
Company: Woodside more info
Operates 3 Offshore Rigs
- Chevron Starts LNG Output at Australia's Wheatstone (Oct 09)
- Global LNG: Faltering Supply Prompts Short-Covering Price Rally (Aug 11)
- Woodside Sees Output Growing 15 Pct Over Next Three Years (May 23)