Woodside-goes-ahead-with-1-2-billion-gas-projectWoodside and its partners have given the $1.2 billion Persephone LNG project at the North West Shelf off WA’s coast the green light.
The Persephone Project is the third major gas development for the NWS Project in the past six years, and involves Woodside, BHP Billiton, BP, Chevron, Japan Australia LNG, and Shell.
The project is aimed at keeping gas flowing into the NWS plant and will involve a two well, 7km subsea tieback from the Persephone field to the existing North Rankin Complex.
Woodside CEO Peter Coleman said the Persephone project would leverage Woodside’s core capabilities to unlock undeveloped resources and help maintain offshore supply to the Karratha Gas Plant.
“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,” Coleman said.
Persephone is expected to produce first gas in 2018.