Offshore staff
PERTH, Australia — Woodside Energy, on behalf of the Sunrise joint venture (JV), has awarded Wood Australia the concept study for the Greater Sunrise project in the Timor Sea.
The other partners are Timor Gap and Osaka Gas Australia.
Wood will lead a multi-disciplinary subcontracting team of specialist consultants.
The study will examine requirements for developing, processing, and marketing gas and condensate from the Sunrise and Troubadour fields, 450 km northwest of Darwin and 150 km south of Timor-Leste, including LNG sales or an alternative of delivery of the gas to Australia.
Its scope will include engineering, financial assessment and financing aspects, local content, strategy and security, HSE, and socioeconomic analysis to determine the optimum benefit for the population of Timor-Leste.
Wood, which will not make any recommendations to the JV, is due to complete the work by fourth-quarter 2024.
In addition, the co-venturers and the governments of the two nations are working on a new production sharing contract, Petroleum Mining Code and fiscal regimes to help provide fiscal and regulatory certainty, Woodside said.
04.17.2024
