Browse partners sign off on floating LNG
PERTH (miningweekly.com) – Australian oil and gas producer Woodside has been given the nod from its joint venture (JV) partners on the Browse project to use floating liquefied natural gas (LNG) technology to develop the project.
Woodside in August officially backed the floating LNG technology as its preferred development method for the Browse project, after abandoning a A$45-billion onshore development at James Price Point.
The floating LNG concept involved using project partner Shell’s technology and Woodside’s offshore development expertise for the LNG development.
Woodside said this week that the JV participants had agreed to progress basis of design (BOD) work for the floating LNG concept. The BOD phase would determine the major design parameters for front-end engineering and design of the proposed subsea and floating LNG facilities and associated infrastructure.
The BOD phase would be executed by Woodside with support from Shell.
The Browse LNG project is jointly owned by Woodside, Shell, BP, Chevron and PetroChina, which acquired its stake in the project through a $1.63-billion deal with BHP.
The project includes three gasfields estimated to contain a combined contingent resource of about 13.3-trillion cubic feet of dry gas and 360-million barrels of concentrate. First gas production had initially been slated for 2017.
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