Woodside is the major equity holder and operator of the Browse Joint
Venture, which aims to commercialise the Venture’s three gas and condensate
fields, Brecknock, Calliance and Torosa, which lie in the Indian Ocean, 425 km
north of Broome in Western Australia.
These three fields are
estimated to contain gross (100%) contingent resources (2C) of 15.9 Tcf of dry gas and 435.8 million barrels of condensate (net Woodside share of 5.0 Tcf of dry gas and 136.4 million barrels of condensate) - a globally significant resource in a location that is expected to be one of
Australia’s next major LNG production provinces.
In February 2010, the Joint Venture participants unanimously selected a
development concept that included the Western Australian Government’s proposed
Browse LNG Precinct as the preferred location for onshore processing
facilities, complying with the Browse Retention Lease conditions accepted in
In April 2013,
Woodside completed its technical and commercial evaluation of the proposed
Browse LNG Development near James Price Point and determined that the
development concept did not meet the company’s commercial requirements for a
positive final investment decision. The evaluation was completed in line with
the conditions of the Browse Retention Leases.
In August 2013,
Woodside resolved to recommend the Browse Joint Venture participants use
floating LNG (FLNG) technology as the development concept to commercialise the
three Browse gas fields.
Woodside’s recommendation followed the evaluation of alternative development
concepts for Browse after the announcement in April this year not to proceed
with the onshore development at James Price Point. Other development concepts
considered included a pipeline to existing facilities in the Pilbara and a
modified option in the Kimberley.
On 2 September 2013, the
Browse Joint Venture participants selected the use of FLNG technology as
the development concept to commercialise the Browse resources.
involves using Shell’s FLNG technology and Woodside’s offshore development
expertise for the Browse LNG Development. The Browse Joint Venture
participants have agreed to progress Basis of Design (BOD) work in
relation to the selected development concept.
The BOD phase will
determine the major design parameters for Front End Engineering and
Design (FEED) of the proposed subsea and FLNG facilities and associated
The BOD phase will
be executed by Woodside as operator of the Browse Joint Venture, with
support from Shell as the FLNG technology provider, to enable the optimal
development of the Browse resources.
Work has commenced on the studies and work required to
place the Browse Joint Venture participants in a position to consider the
commencement of FEED for the selected development concept in 2014.
||425 km north of Broome in Western Australia |
||Up to 750m|
||15.9 Tcf of dry gas and 436 MMbbl of condensate|
||R-2, TR/5, WA-28-R, WA-29-R, WA-30-R, WA-31-R, WA-32-R|
Shell Development (Australia) Pty Ltd
BP Developments Australia Pty Ltd
Japan Australia LNG (MIMI Browse) Pty Ltd
PetroChina International Investment (Australia) Pty Ltd