Australian oil and gas company Woodside Energy has approved a $2-billion gas development project in the North West Shelf amid the downturn in hydrocarbons activity, Reuters reports on Friday.

Woodside approves 2-billion gas project

Australia

SYDNEY , December 11, 2015 – Australian oil and gas company Woodside Energy has approved a $2-billion gas development project in the country’s North West Shelf amid the downturn in hydrocarbons activity, Reuters reports on Friday.

The fourth major gas development in the North West Shelf during the past seven years, the Greater Western Flank Phase 2 Project is expected to develop 45.3 bcm (1.6 tcf) of gas. The project is slated for start-up in the second half of 2019.

The gas will first be delivered from wells located in the Lady Nora, Pemberton, Sculptor and Rankin fields. The offshore fields are located about 175 kilometres off the coast of Dampier. During the first half of 2020, wells in the Keast and Dockrell fields will begin delivering gas.

Woodside is the operator of the North West Shelf joint venture alongside Shell, BP, Chevron, Australia petroleum company BHP Billiton as well as Japan Australia LNG, a joint venture between Mitsui and Mitsubishi.

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