Karoon Takes Echidna to FEED Stage

Karoon Gas Australia approved the development concept for the Echidna light oil discovery, progressing the project to the next phase in the development, front-end engineering and design (FEED).

This development milestone is a result of 18 months of subsurface evaluation including reservoir modelling, production scenario analysis, well construction feasibility studies and development optimisation. The optimisation work has been focused on delivering a capital efficient, risk-weighted development concept for the Echidna oil discovery that is economically robust in the current oil price environment.

The Echidna development concept consists of: A leased floating production, storage, and offloading facility;  2 extended horizontal production wells and 1 gas injection well; Expected peak production is approximately 28,000 bbl/day (14,000 bbl/day per well).

FEED is expected to take approximately 9 months and cost less than A$10 million, with completion planned during the March quarter 2018. A final investment decision (‘FID’) is targeted for the June quarter 2018.

During the FEED process Karoon will issue a ‘Request for Tenders’ to select suppliers with the intention of contracting an engineering procurement construction and installation (EPCI) work package for the Echidna development.

Share this article

Follow Subsea World News

Events>

<< Aug 2017 >>
MTWTFSS
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Kuwait Oil & Gas Show

Kuwait Oil & Gas Show is the Kuwait International Fair Ground in Kuwait City, Kuwait. This event showcases product from Chemicals & Dyes, Electronics & Electrical Goods, Hand, Machine & Garden Tools, Petroleum, Oil & Gas, Power & Renewable Energy industries. More info

read more >

SPE Offshore Europe 2017

Attending SPE Offshore Europe, recognised by offshore E&P professionals as Europe’s leading E&P exhibition and conference, will ensure…

read more >

Offshore Site Investigation & Geotechnics Committee 8th International Conference “Smarter Solutions for Future Offshore Developments”

The conference series, which has run since 1979, offers a unique opportunity for geotechnical engineers, geoscientists and academics…

read more >

Oil & Gas Indonesia 2017

Oil & Gas Indonesia (OGI) is an exhibition focused on Oil and Gas Exploration, Production and Refining and showcases the largest exhibition…

read more >