GWF-2 Comes Online $630MM Cheaper Than Expected

The Greater Western Flank Phase 2 project off the north west coast of Australia has commenced gas production.

Woodside Energy Ltd announced Thursday that the Greater Western Flank Phase 2 (GWF-2) project off the north west coast of Australia has commenced gas production.

 

 

The company’s CEO, Peter Coleman, said the project had been delivered $630 million below the expected cost of approximately $2 billion and six months ahead of schedule.

“The project team has done an outstanding job executing and delivering GWF-2, which represents the next phase in gas supply to the North West Shelf Goodwyn A platform, extending the life of the Karratha Gas Plant and contributing to Woodside achieving our targeted production of 100 million barrels of oil equivalent in 2020,” Coleman said in a company statement.

“The capabilities demonstrated on the GWF-2 project will be carried forward as we embark on our next phase of growth, including our proposed developments of the Scarborough and Browse offshore gas resources,” he added.

The GWF-2 Project is located in Commonwealth waters, approximately 83 miles north west of Dampier, and includes eight subsea wells from six offshore fields (Keast, Dockrell, Sculptor, Rankin, Lady Nora and Pemberton), tied back to the existing Goodwyn A platform.

Back in October last year, Woodside announced that Wheatstone LNG had commenced production. The company announced train 2 LNG production from Wheatstone in June this year.

Woodside is an Australian oil and gas company with a global presence. The business celebrated its 60th anniversary in 2014.





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