WOODSIDE has confirmed that the North West Shelf Venture Project participants have agreed to take gas outside of their own assets through the LNG facility on the Burrup Peninsula in WA’s Pilbara region.
Announcing the company’s latest quarterly results, Woodside CEO Peter Coleman said the NWSP participants had achieved a major milestone by proposing non-binding key terms to process gas through the Karratha Gas Plant to other resource owners.
Woodside said the Participants have commenced discussions with third party resource owners for processing gas through the Karratha Gas Plant.
With the Karratha plant set to have surplus production capacity in coming years this is expected to potentially open the door for a number of undeveloped gas discoveries in the region.
The news on the NWS tolling plans was one of the highlights of another successful Quarter for Woodside.
Mr Coleman said the second quarter delivered sales revenue of US$867 million and production of 20.7 MMboe, with the Pluto LNG project achieving record daily and weekly production, 3% higher than the previous record (Q3 2016), after successfully completing a cold high-rate trial. He said the cold high-rate trial demonstrated additional capacity in the LNG train and will inform decision-making on expansion options for Pluto LNG.
The company reported great news on the Persephone project, which is now expected to be delivered six months ahead of schedule and 30% under budget.
Woodside also revealed that the Wheatstone LNG project is making good progress with:
- The offshore platform hook-up and commissioning required for LNG Train 1 start-up complete.
- The gas trunkline pressurised and ready to supply gas onshore.
- The final commissioning of onshore LNG Train 1 is well advanced and nearing completion.
- LNG Train 2 start-up is expected 6 to 8 months after LNG Train 1 start-up.