The A$1.37 billion Laminaria-Corallina project began in 1999.
It has the ability to produce oil through eight wells connected to one of the world's largest floating production, storage and offtake vessels (Northern Endeavour) which can produce up to 180,000 barrels of oil a day and can hold 1.4 million barrels.
The fields were originally developed on reserves of about 200 million barrels.
| Location: |
Timor Sea, 550km north-west of Darwin |
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| Facility: |
Floating production storage and offtake vessel |
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| Water depth: |
340 metres |
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| Permits: |
AC/L5 (Corallina) and WA-18-L (Laminaria) |
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| Discovered: |
1994 Laminaria
1995 Corallina |
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| COMPANY |
Laminaria % |
Corallina % |
| Woodside (operator) |
59.90 |
66.67 |
| Talisman Oil & Gas |
40.10 |
33.30 |