Oil and Gas News

Woodside goes ahead with $1.2 billion gas project

Woodside and
its partners have given the $1.2 billion Persephone LNG project at the North West Shelf
off WA’s coast the green light.

The
Persephone Project is the third major gas development for the NWS Project in
the past six years, and involves Woodside, BHP Billiton, BP, Chevron, Japan
Australia LNG, and Shell.

The project
is aimed at keeping gas flowing into the NWS plant and will involve a two well,
7km subsea tieback from the Persephone field to the existing North Rankin
Complex.

Woodside CEO
Peter Coleman said the Persephone project would leverage Woodside’s core capabilities
to unlock undeveloped resources and help maintain offshore supply to the
Karratha Gas Plant.

“The NWS
Project celebrated 30 years of domestic gas production and 25 years of LNG
exports earlier this year and the approval of Persephone is the next step in
continuing this success story,” Coleman said.

Persephone
is expected to produce first gas in 2018.

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