PERTH (miningweekly.com) – ASX-listed Woodside and its joint venture (JV) partners in the North West Shelf project have approved the development of the Persephone project, offshore Australia.
The project, which would require a total investment of A$1.2-billion, would involve a two-well, 7 km subsea tieback from the Persephone field to the existing North Rankin complex.
The project is the third major gas development of the North West Shelf project in the past six years, and start-up has been earmarked for early 2018.
Woodside CEO Peter Coleman said on Thursday that the Persephone project would leverage Woodside’s core capabilities to unlock undeveloped resources and help maintain offshore supply to the Karratha gas plant.
“The North West Shelf project celebrated 30 years of domestic gas production and 25 years of liquefied natural gas (LNG) exports earlier this year, and the approval of Persephone is the next step in continuing this success story,” he added.
The North West Shelf JV is jointly held by Woodside, BHP Billiton, BP Developments Australia, Chevron Australia, Japan Australia LNG, and Shell Development.