Greater Enfield Project
Greater Enfield is a demonstration of our phased and sustainable approach to growth.
The US$1.9 billion Greater Enfield Project was approved for development in June 2016.
Located 60 km off Exmouth in Western Australia within Commonwealth waters the project will develop the Laverda Canyon, Norton over Laverda (WA-59-L) and Cimatti (WA-28-L) oil accumulations. These reserves will be produced via a 31 km subsea tie-back to the Ngujima-Yin floating production storage and offloading (FPSO) facility, located over the Vincent oil field.
The project is targeting development of gross (100%) 2P reserves of 69 MMboe (net Woodside share of 41 MMboe) from the oil accumulations. Woodside reserves increased by 41 MMboe in conjunction with the approval of the project for development.
Key to monetising this resource was our close collaboration with contractors, our adoption of the latest technologies, a phased development approach and the use of existing FPSO infrastructure.
The Greater Enfield Project is anticipated to make a strong contribution to the WA economy and Woodside is planning for several hundred WA-based jobs to be secured as part of its construction, installation, commissioning and operations.
Woodside is targeting first oil mid-2019.
View the permit map here.
North West Shelf Greater Western Flank projects
Greater Western Flank (GWF) area consists of 16 fields located to the
south-west of the Goodwyn A platform.
On 8 December
2011, Woodside, as operator of the North West Shelf (NWS) Project
announced the NWS Project participants had approved the development of the
first phase of the GWF Project off the north-west coast of Australia.
The GWF Phase 1 Project is developing the Goodwyn GH and
Tidepole fields, via a subsea tie-back to the existing Goodwyn A platform.
First gas from the project was delivered in late 2015.
The NWS Project participants approved development of the US$2.0 billion GWF
Phase 2 Project in December 2015. The project will develop the Keast, Dockrell,
Sculptor-Rankin, Lady Nora and Pemberton fields via a 35km subsea tie-back to
the Goodwyn A platform. Gas delivery is expected to commence
in 2H 2019 from five wells in the Lady Nora, Pemberton, Sculptor and Rankin fields, followed by the remaining
three wells in
Keast and Dockrell fields in
North West Shelf Persephone Project
The NWS Project participants approved development of the Persephone Project in November 2014.
Persephone Project involves a 7km subsea tie-back from the Persephone field to
the North Rankin Complex. The project is targeting start-up in 2H 2017.
In September 2016, Woodside entered into binding Sale and Purchase Agreements to acquire half of BHP Billiton's Scarborough area assets in the Carnarvon Basin, located offshore Western Australia. The Scarborough area assets include the Scarborough, Thebe and Jupiter gas fields, which are estimated to contain gross 8.7 Tcf of dry gas resources at the 2C confidence level. The acquisition was completed successfully for a purchase price of US$250 million and a contingent payment of US$150 million payable upon a positive final investment decision to develop the Scarborough field. The effective date of the transaction is 1 July 2016. Read the full announcement here.
For more information, read the Investor Pack here.