Sample News Story
North West Shelf LNG approves Angel gas field development
19/12/2005
Australia’s North West Shelf LNG venture has approved a A$1.6 billion ($1.2 billion) development of the Angel gas and condensate field, north-west of Western Australia.
NWS LNG operator, Woodside, said the development would begin immediately following final investment decisions by all of the joint venture participants. The project will include installation of the third major offshore production platform off the North West Shelf and associated infrastructure, including a new 50km sub-sea pipeline.
The remotely operated Angel processing platform will be in 80 metres of water about 49 km east of the existing North Rankin production facility. Hydrocarbons will be produced through one processing unit with a capacity of up to 800 MMcf/d of gas and up to 50,000 barrels/d of condensate.
The platform will be tied in to the North Rankin platform via the new sub-sea pipeline.
The Angel jacket substructure and topside are expected to be installed and fully operational by Q4 2008. The development will include three production wells, which are scheduled for drilling between Q3 2006 and Q2 2007.
The six equal participants in the NWS LNG project are: Woodside Energy (operator), BHP Billiton, BP, Chevron, Japan Australia LNG (MIMI) and Shell. CNOOC is a member of the NWS Venture but does not have an interest in the infrastructure.