https://www.miningweekly.com
Gas|LNG|Mining|Oil And Gas|Oil-and-gas|Water
Gas|LNG|Mining|Oil And Gas|Oil-and-gas|Water
gas|lng|mining|oil-and-gas|oilandgas|water

Woodside and BHP agree on toll deal

18th November 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Oil and gas major Woodside on Monday said that it had agreed a tolling price with mining major BHP for processing gas from the Scarborough offshore field at the Pluto liquefied natural gas (LNG) facility, in Western Australia.

The toll is based on BHP maintaining no more than a 25% interest in Scarborough up to a final investment decision.

Woodside CEO Peter Coleman told shareholders that the agreement on the tolling price for Scarborough was another significant step towards the realization of the proposed Burrup Hub.

“This agreement on tolling price, together with the increase in Scarborough gas resource announced earlier this month, provides a compelling and aligned basis for BHP and Woodside to finalise the required conditional binding agreements by the end of the first quarter 2020.”

Coleman said that it was a key milestone as Woodside targeted a go-ahead for the development of the Scarborough gas resource through an expanded Pluto LNG facility.

The gas would initially be processed through a deep-water floating production unit, before being transported through some 430 km of pipeline to be processed at the Pluto LNG facility.

The joint venture partners are expected to make a final investment decision by the first half of next year, with first LNG from Scarborough targeted for 2024.

The Scarborough field is currently estimated to host some 11.1-trillion cubic feet of gas.

Edited by Creamer Media Reporter

Comments

Latest News

Magazine video image
Magazine round up | 29 March 2024
29th March 2024

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.116 0.153s - 108pq - 2rq
Subscribe Now