Woodside JV獲批開發Greater Enfield Project

Woodside and Mitsui E&P Australia have received approval for the development of the Greater Enfield Project.

Located 60 km off Exmouth in Western Australia within commonwealth waters, the project will develop the Laverda Canyon, Norton over Laverda (WA-59-L), and Cimatti (WA-28-L) oil accumulations. These reserves will be produced via a 31 km subsea tieback to the Ngujima-YinFPSO facility, stationed over the Vincent oil field.

Woodside CEO Peter Coleman said that monetizing Greater Enfield was made possible by breakthroughs in the development concept, technology, and contracting.

“We have achieved investment spend at the low end of our guidance range by leveraging the latest technologies and using existing FPSO infrastructure. This allows us to accelerate the development of previously stranded resources. Greater Enfield is a demonstration of our phased and sustainable approach to growth,” Coleman said.

The Greater Enfield Project requires development of six subsea production wells and six water injection wells. Subsea multiphase booster pumps in the Laverda area will support production and gas lift in the Cimatti area.

The project is targeting development of gross 2P reserves of 69 MMboe from the Laverda Canyon, Norton over Laverda, and Cimatti oil accumulations. Woodside reserves will increase by 41 MMboe in conjunction with the approval of the project for development.

The total investment for the project is approximately $1.9 billion total cost with first oil expected in mid-2019.

The Greater Enfield Project is a joint venture between operator Woodside Energy Ltd (60%) and Mitsui E&P Australia Pty Ltd (40%).