Green light for Persephone Project

Woodside, operator of the North West Shelf (NWS) Project, has announced that the NWS Project participants have approved the Persephone Project, off the northwest coast of Australia.

The Persephone Project is the third major gas development for the NWS Project in the last six years, highlighting the joint venture’s commitment to maximizing the value of Australia’s largest oil and gas project.

Subsea project

The project will involve a two well, 7 km subsea tieback from the Persephone field to the existing North Rankin Complex. The total investment for the project is expected to be approximately AU$1.2 billion, with project start-up expected in early 2018.

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

LNG exports

Coleman commented: “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.”

The Persephone Project participants are Woodside Energy, BHP Billiton Petroleum, BP Developments Australia, Chevron Australia, Japan Australia LNG and Shell Development (Australia).

Adapted from press release by Katie Woodward

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/27112014/persephone-project-gets-approval-299/