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The Vincent oil project is scheduled to produce first oil in 2008.
Vincent was discovered in 1998 and is about 50km north-west of Exmouth, off North West Cape in Western Australia.
Vincent will be developed in phases, with an initial project cost of about US$720 million (A$1 billion).
It will produce about 100,000 barrels a day through eight production subsea wells connected to a floating production, storage and offloading vessel (FPSO).
The vessel will have a storage capacity of 1.2 million barrels.
| Location: |
Approximately 50km north-west of Exmouth, Western Australia |
| Water depth: |
~ 350m |
| Permits: |
WA-271-P; WA-28-L |
| Discovered: |
1998 |
| Ownership: |
Woodside 60% (Operator)
Mitsui E&P Australia Pty Ltd. 40% |
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