From Australia (LB): Woodside Petroleum said that the North West Shelf (NWS) Project participants have approved the Greater Western Flank Phase 2 (GWF-2) Project.
The GWF-2 Project will develop 45.3 Bcm 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-in. pipeline connecting to the existing Goodwyn A platform.
The total investment for the project is expected to be about $2 billion, with initial project startup expected in second-half 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 first-half 2020.
The GWF-2 Project is the fourth major gas development for the NWS Project in the past seven years.
Woodside said the aim of the partners is to demonstrate a continued focus on maximising value from the asset by delivering sanctioned projects and developing reserves.
Woodside CEO Peter Coleman said the GWF-2 is an economically robust project that will deliver significant value by leveraging Woodside’s experience in delivering major subsea tieback projects. “The GWF-2 Project continues a series of North West Shelf Project subsea tiebacks that are commercialising its gas reserves in a timely and efficient manner to extend plateau production,” Coleman said.
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