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?
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 1 Offshore Rigs
- Private Oil Made a Big Find in Mexico. Now State Oil Wants a Cut (Oct 04)
- BHP Gearing Up to Start Drilling for Oil in Mexico's Deep Waters (Oct 02)
- BHP To Quit US Shale Business As Annual Profit Surges (Aug 22)
Company: BP plc more info
Operates 32 Offshore Rigs
- BP: 2017 'Massive' Year for Global Upstream Projects (Dec 07)
- BP Seeks Stake In Cairn Energy Senegal Assets (Nov 20)
- Officials: BP, Eni Interested In Developing Iraq's Majnoon Oilfield (Nov 20)
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)
Company: Chevron Corporation more info
- ExxonMobil Jumping in to Mexico Fuel Market With First US Cargo (Dec 06)
- Chevron To Study Mexican Oil Block, No Drilling Seen In First 4 Years (Nov 30)
- Buying Texas Oil at New Mexico Prices: Majors Go West for Shale (Nov 14)
Company: Japan Australia more info
- Australia's Browse FLNG JV Decides Not to Proceed with Development (Mar 23)
- 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)
Company: Royal Dutch Shell plc more info
- Shell Says Fire Extinguished At Singapore Refinery-Petchem Plant (Dec 11)
- Sharp Fall In Applications For Norway's Arctic Oil Permits (Dec 05)
- Pressured For Profit, Oil Majors Bet Big On Shale Technology (Nov 28)