Oil Flows From Echo-Yodel Field

Woodside Energy Ltd., operator of the North West Shelf Venture, advises that gas and condensate production has begun from the Echo-Yodel fields, three months ahead of schedule and within budget.

The fields, which will add about 37 million barrels of oil equivalent to North West Shelf Venture production over the next four to five years, are within permit WA-28-P, about 120km north-west of Dampier in Western Australia and 23km south-west of the Goodwyn A offshore production platform.

North West Shelf Venture Chief Executive Dr Chris Haynes said the development was the excellent result of a concerted effort within Woodside to improve project management and stewardship over capital expenditure in recent years.

"The estimated final cost of Echo-Yodel remains within the approved budget of A$205 million, and the project has been completed safely and well ahead of schedule," he said.

The Echo-Yodel development comprises two subsea production wells tied back to the Goodwyn platform via a 12 inch (30cm) diameter pipeline. Production from the field will be commingled with existing production on Goodwyn and will help to compensate for the natural decline in condensate production from the much larger Goodwyn field.

Hook-up, testing and commissioning began on November 16th, and production began on December 24th. Production is planned to increase to a daily maximum of 30,000 barrels of condensate and 300 million standard cubic feet of gas. The fields are expected to have a life of between four and five years.

The six equal participants in the North West Shelf Venture are Woodside Energy Ltd. (operator); BHP Billiton (North West Shelf) Pty Ltd; BP Developments Australia Pty Ltd; Chevron Australia Pty Ltd; Japan Australia LNG (MIMI) Pty Ltd; and Shell Development (Australia) Proprietary Limited.