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 14.9 Tcf of dry gas and 441.2 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 December 2009.
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.
This concept 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 infrastructure.
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|
||14.9 Tcf of dry gas and 441.2 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