Persephone oil and gas project, off the north-west coast of Australia
Name and Location
Persephone oil and gas project, off the north-west coast of Australia.
Client
The Persephone project participants all with a 16.67% share include Woodside Energy as operator; BHP Billiton Petroleum; BP Developments Australia; Chevron Australia; Japan Australia LNG (MIMI); and Shell Development (Australia).
Project Description
The Persephone project is the third major gas development for the North West Shelf (NWS) project – Australia’s largest operating oil and gas project – in the past six years. The project involves the development of a two-well, 7 km subsea tieback from the Persephone field to the existing North Rankin complex.
Value
The total investment for the project is expected to be about A$1.2-billion.
Duration
Project start-up is expected in early 2018.
Latest Developments
Woodside, as operator of the NWS projects, has indicated that the NWS project participants have approved the Persephone project.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
None stated.
Contact Details for Project Information
Woodside media contact Michelle Grady, tel +61 8 9348 5995 or email michelle.grady@woodside.com.au.
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