Oil and Gas News

Woodside bolsters Scarborough resource

Woodside Energy has increased the estimated gross contingent resource dry gas volume for the Scarborough field offshore Western Australia to 11.1 trillion cubic feet, up 52 per cent on the previous estimate.

The Perth-based company’s share in the Greater Scarborough asset (covering the Scarborough, Thebe and Jupiter fields) comprises a 75 per cent interest in WA-1-R and a 50 per cent interest in each of WA-61-R, WA-62-R and WA-63-R.

As a result of the Scarborough resource volume increase, Greater Scarborough contains an estimated gross dry gas contingent resource volume of 13 trillion cubic feet, a 41 per cent increase from the previous estimate.

The increased volume estimates follow completion of integrated subsurface studies incorporating full waveform inversion (FWI) 3D seismic reprocessing and updated petrophysical interpretation.

Woodside chief executive Peter Coleman said the increase in estimated resource volume at Scarborough underscored its potential as a world-class project which could meet Asian demand and supply to the domestic market.

“Our understanding of the value of the Scarborough gas resource has increased after applying leading-edge technology to geophysical data collected since the field’s discovery almost 40 years ago,” Coleman said.

“By unlocking the huge potential of the Scarborough gas resource we’ve strengthened the case for development and extended the expected cashflow from Scarborough for years.”

Woodside is targeting a final investment decision for the development of the Scarborough gas resources in first half of 2020.

Scarborough gas would initially be processed on a deep-water floating production unit and transported through an approximate 403 kilometre pipeline to a proposed second LNG production train at the Pluto LNG facility on the Burrup Peninsula.

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