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.
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.
The Project remains on budget and is on schedule for start-up in H1 2019. The project continues to pursue opportunities to accelerate completion.
North West Shelf Persephone Project
The NWS Project participants approved development of the Persephone Project in November 2014.
The Project achieved start-up in July 2017, six months ahead of schedule and 30% under budget. The project develops approximately 20 MMboe (2P, Woodside share) and is designed to produce at up to 475 mmscf/d (100% project).
The Persephone field produces using a subsea tieback to the existing North Rankin Complex.
Our acquisition of a share of the Scarborough area assets increases our resource base close to Woodside-operated infrastructure. In November 2016, Woodside completed the acquisition of 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 contingent resources (2C) of 2.6 Tcf of dry gas (8.7 Tcf, 100%). Adding additional Carnarvon Basin volumes to Woodside's Australian portfolio complements our growth strategy and builds on our existing position in the region. The high-quality material resource base is well delineated with no further appraisal expected.
During 2017, Woodside will support the Scarborough operator to progress project optimisation activities and continues subsurface modelling studies in support of optimisation. Woodside is committed to achieving the best commercial outcome in developing this resource. Development concepts comprising either an FLNG facility or use of existing LNG process infrastructure on the Burrup Peninsula will be investigated and assessed in 2017.
Read the full ASX announcement here and for more information, read the Investor Pack here.