Woodside to re-think Browse LNG options

Offshore staff

PERTH, Australia -- Woodside has decided not to pursue its proposed Browse LNG development near James Price Point, northwestern Australia.

The company said the technical and commercial evaluation of all upstream and downstream scopes did not meet its requirements for a positive final investment decision. Evaluation was conducted in accordance with the conditions of the Browse retention leases.

Woodside said it would work with the Browse Joint Venture partners to recommend evaluation of other concepts to commercialize the gas resources in the offshore Browse basin, thought to comprise 15.5 tcf of dry gas and 417 MMbbl of condensate.

Options could include floating technologies, a pipeline to existing LNG facilities in the Pilbara, or a smaller onshore complex at the proposed Browse LNG Precinct near James Price Point.

The company will propose a work program and budget for the remaining 20 months of the retention leases.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...