Offshore staff
PERTH, Australia – The participants in Australia’s North West Shelf (NWS) Project have executed agreements for processing third-party gas through the NWS facilities.
These are with Woodside Burrup for gas from the offshore Pluto fields, and with subsidiaries of Mitsui and Beach Energy for the onshore Waitsia Gas Project Stage 2.
According to Woodside Energy, the agreements are pivotal to the development of the Karratha Gas Plant into a third-party gas tolling facility, and secures gas to fill emerging processing capacity.
The Pluto fields gas will be transported to the NWS facilities through the Pluto-KGP Interconnector, which should be ready for start-up in 2022.
Woodside also confirmed it had completed its acquisition of Capricorn Senegal’s full interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture for $300 million, plus an adjustment of around $225 million that took into account development capex incurred by Capricorn parent company Cairn Energy since the start of this year.
Additional payments of up to $100 million may follow, depending on commodity prices and timing of first oil.
Woodside operates Sangomar, Senegal’s first deepwater oilfield development. The FPSO is due to be delivered to the field location in 2023.
Following the acquisition, the company’s controlling interest in the RSSD joint venture has increased to around 68.33% for the Sangomar exploitation area and to 75% for the remaining RSSD evaluation area.
A further deal with FAR Energy is due to be completed in 1Q 2021.
12/23/2020
