Woodside: Green Light for GWF-2 Project
The Greater Western Flank Phase 2 (GWF-2) Project off the north-west coast of Australia has been given the go-ahead, Woodside, as operator of the North West Shelf (NWS) Project said Friday.
According to Woodside, the GWF-2 Project, the fourth major gas development for the NWS Project in the past seven years, will develop 1.6 trillion cubic feet of raw gas (2P 100% project basis) from the combined Keast, Dockrell, Sculptor, Rankin, Lady Nora and Pemberton fields using subsea infrastructure and a 35 km, 16 inch pipeline connecting to the existing Goodwyn A platform.
The total investment for the project is expected to be approximately US$2.0 billion, with initial project start-up expected in 2H 2019.
Gas delivery should initially begin 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.
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 commercialising its gas reserves in a timely and efficient manner to extend plateau production.”
The NWS Project participants are: Woodside (Operator; 16.67%); BHP Billiton Petroleum (North West Shelf) Pty Ltd (16.67%); BP Developments Australia Pty Ltd (16.67%); Chevron Australia Pty Ltd (16.67%); Japan Australia LNG (MIMI) Pty Ltd (16.67%); and Shell Australia Pty Ltd (16.67%).
