Woodside Petroleum and its North West Shelf LNG venture partners executed two agreements to process gas through the project's facilities in Western Australia, the gas producer said on Dec. 23.
The Perth-based firm said the North West Shelf facilities will process about 7.5 million tonnes of LNG over five years from the Waitsia Gas Project Stage 2, owned jointly by Beach Energy and Japan's Mitsui & Co.
The project partners also signed a three-year deal to process about three million tonnes of LNG and 24.7 petajoules of domestic gas at the project's Karratha gas plant under a deal signed with Woodside Burrup, a unit of the company.
“The processing of third-party gas resources will unlock further value for the NWS Project,” Woodside CEO Peter Coleman said.
“It will provide new revenue and LNG exports from the NWS Project, add to Western Australia’s domestic gas supplies from Pluto and help underpin Australia's economic recovery.”
Woodside’s partners on the North West Shelf project include units of BHP Group, BP, Chevron and Shell.
The agreements mark a major step in transforming the Karratha gas plant into a third-party gas tolling facility and secure gas to fill processing capacity, the company said in a statement.
Recommended Reading
Exxon Plans Longest 20,000-Ft Wells on Pioneer’s Midland Asset
2024-11-04 - Exxon Mobil has already drilled some of the longest wells in the New Mexico Delaware Basin. Now, the Texas-based supermajor looks to go longer on Pioneer’s Midland Basin asset.
SM, Crescent Testing New Benches in Oily, Stacked Uinta Basin
2024-11-05 - The operators are landing laterals in zones in the estimated 17 stacked benches in addition to the traditional Uteland Butte.
Now, the Uinta: Drillers are Taking Utah’s Oily Stacked Pay Horizontal, at Last
2024-10-04 - Recently unconstrained by new rail capacity, operators are now putting laterals into the oily, western side of this long-producing basin that comes with little associated gas and little water, making it compete with the Permian Basin.
Comstock: Monster Western Haynesville Wildcats Cost $30MM-plus
2024-10-31 - Comstock Resources is flowing back a 13th well currently in the play where the oldest has made 2.2 Bcf per 1,000 lateral feet to date in its first 29 months online.
With Montney Production Set to Grow, US E&Ps Seize Opportunities
2024-10-02 - Canada’s Montney Shale play has already attracted U.S. companies Ovintiv, Murphy and ConocoPhillips while others, including private equity firms, continue to weigh their options.