Browse JV partners sign gas supply terms

Offshore staff

PERTH, AustraliaWoodside has received renewal offers for seven petroleum retention leases in the Browse basin offshore Western Australia.

The Commonwealth-Western Australia Offshore Petroleum Joint Authority and the WA Minister for Mines and Petroleum issued the authorizations for WA-28-R, WA-29- R, WA-30-R, WA-31-R, WA-32-R, TR/5, and R2.

Woodside has 30 days to accept the retention lease renewal offers.

Earlier this week, the company and its partners in the Browse Joint Venture executed the Browse FLNG development domestic gas and supply chain key principles agreement (KPA) with the State of Western Australia.

The KPA sets out their commitment to negotiate a development agreement with the state that will reflect agreed principles for the application of the state’s Domestic Gas Reservation Policy, and the establishment of a Western Australian-based supply chain to support the proposed development.

Additionally, they will reserve for domestic use within Western Australia gas equivalent to 15% of LNG production from the state’s estimated 65% share of the Torosa field.


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


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

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...