Offshore staff
PERTH, Australia — The Sunrise joint venture (SJV), led by operator Woodside Energy, has committed to a concept select program for development of the Greater Sunrise offshore gas-condensate fields between Timor-Leste and northwest Australia.
Other partners are TIMOR GAP (56.56%) and Osaka Gas Australia (10%).
The SJV will examine all main issues related to delivering the gas to Timor-Leste for processing and LNG sales, compared with delivering the gas to Australia.
Studies will update previous work by applying modern technologies and new cost estimates while also taking into account safety, environmental, strategic and other benefits of the various options.
The Sunrise development, about 450 km northwest of Darwin and 150 km south of Timor-Leste, comprises the Sunrise and Troubadour fields with a combined estimated 2C resource of 5.3 Tcf of dry gas and 226 MMbbl of condensate. Both were discovered in 1974.
Woodside Energy CEO Meg O’Neill said, “It is important we continue to look at ways to develop the Greater Sunrise fields using the latest technologies by evaluating, for example, modular LNG, that did not exist in the past.
In parallel, the SJV is negotiating a new production sharing contract, Petroleum Mining Code and associated agreements with the Timor-Leste and Australian governments, to obtain the required fiscal and regulatory certainty required for a development, Woodside added.
02.06.2023
