Name and Location
Browse floating liquefied natural gas (FLNG) development project, Australia.
Client
Browse Joint Venture (JV), comprising Woodside (30.6%), Shell Australia (27%), BP Developments Australia (17.33%), Japan Australia LNG (14.4%) and PetroChina International Investment – Australia (10.67%).
Project Description
The Browse FLNG development encompasses the Brecknock, Calliance and Torosa reservoirs, which are located about 425 km north of Broome and about 290 km off the Kimberley coast, in Western Australia.
These reservoirs are estimated to contain estimated resources of 14.9-trillion cubic feet (tcf) of dry gas and about 441.2-million barrels of condensate.
The development aims to commercialise hydrocarbon resources contained in the Brecknock, Calliance and Torosa reservoirs, and comprises the following key components:
• three drill centres at the Brecknock and Calliance reservoirs;
• five drill centres at the Torosa reservoir;
• other subsea infrastructure including manifolds, flowlines, umbilicals, risers and moorings; and
• up to three FLNG facilities, with a potential relocation of one FLNG facility between the Brecknock and Calliance reservoirs and the Torosa reservoir at about midreservoir life. In this scenario, it is expected that there might be two FLNG facilities located at the Brecknock and Calliance reservoirs for about half the reservoir life, and two facilities located at the Torosa reservoir for about half the reservoir life.
Value
The cost of the project has not been disclosed.
Duration
Not stated.
Latest Developments
The Browse JV agreed to enter the front-end engineering and design (Feed) phase for the proposed Browse FLNG Development in June. The Feed is the final phase before a final investment decision is taken.
Woodside is targeting a final decision in the second half of 2016.
As part of the project’s entry into the Feed phase, the Browse JV participants have agreed to an equity alignment deed.
This deed comprises a series of exchanges of equity interests between the participants, establishing a new joint operating agreement and a single aligned interest for each of the participants across the combined Browse titles and other assets.
Further work will be undertaken during the Feed phase to determine a range of details pertaining to the commercialisation timing and sequencing of FLNG deployment.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Browse JV, email browseinfo@woodside.com.au.