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Greater Western Flank Phase 2 Commences Production

25/10/2018

Woodside, as Operator of the North West Shelf (NWS) Project, advises that the Greater Western Flank Phase 2 (GWF-2) Project off the north-west coast of Australia has commenced gas production.

Woodside CEO Peter Coleman said the project has been delivered $630 million below the expected cost of approximately $2.0 billion (100% basis) and six months ahead of schedule.

“The project team has done an outstanding job executing and delivering GWF-2, which represents the next phase in gas supply to the NWS Goodwyn A platform, extending the life of the Karratha Gas Plant and contributing to Woodside achieving our targeted production of 100 MMboe in 2020.

“This success has been achieved by combining the two GWF-2 drilling campaigns, accelerating project work packages and collaborating closely with our contractors.

“The capabilities demonstrated on the GWF-2 Project will be carried forward as we embark on our next phase of growth, including our proposed developments of the Scarborough and Browse offshore gas resources.

“The Scarborough and Browse projects are part of our vision for the Burrup Hub, which would unlock the future value of the Karratha Gas Plant and Pluto LNG,” he said.

The GWF-2 Project is located in Commonwealth waters approximately 135 km north-west of Dampier and includes eight subsea wells from six offshore fields (Keast, Dockrell, Sculptor, Rankin, Lady Nora and Pemberton), tied back to the existing Goodwyn A platform by a 35 km corrosion resistant subsea pipeline. The final investment decision on the project was taken in December 2015.

The NWS Project participants are: Woodside Energy Ltd (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%).

NORTH WEST SHELF PROJECT

The Woodside-operated North West Shelf (NWS) Project’s facilities constitute Australia’s largest oil and gas development and represent an investment of more than $34 billion. 
Accounting for more than one third of Australia’s oil and gas production, the NWS Project is a joint venture between six major international companies. It is one of the world’s largest liquefied natural gas (LNG) producers, supplying oil and gas to Australian and international markets from huge offshore gas, oil and condensate fields in the Carnarvon Basin off the north-west coast of Australia.

For over 30 years, the NWS Project has been Western Australia’s largest producer of domestic gas.

With an international reputation for the safe and reliable delivery of LNG to customers in the Asia Pacific region and other parts of the world, the NWS Project has delivered more than 4000 LNG cargoes since 1989.

The NWS Project also produces liquefied petroleum gas (LPG), oil and condensate – a light crude oil – for international energy markets.

The NWS Project continues to invest in its long-term future, pursuing new opportunities through operational excellence and investing in existing operations.

The NWS Project is committed to continuous improvement of production and cost performance, growing investment in Western Australia and expanding opportunities in the Carnarvon and Browse Basins.

In 2017, the NWS Project participants issued a non-binding tolling proposal to third-party resource owners for processing gas through the Karratha Gas Plant (KGP). Discussions and technical studies continue to be progressed with interested parties to confirm commercial viability before entering into binding commitments.

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