Woodside,
Eni and Alcan sign agreement for Blacktip gas
Posted: 9 June 2003
Woodside Energy Ltd, Eni Australia B.V. (a subsidiary of Italy's
Eni Group) and Alcan Gove Pty Limited have signed an exclusive heads
of agreement specifying key commercial terms for the supply of natural
gas from the Blacktip gas field in the Joseph Bonaparte Gulf to
Alcan’s alumina refinery and bauxite mining plant at Gove
in the Northern Territory.
The agreement proposes gas supply of 40 petajoules a year over
20 years from 2007. Blacktip gas provides Alcan with a long-term
secure and clean energy source capable of supporting the gasification
and expansion of its Gove alumina refinery.
The agreement is conditional on Alcan and the Blacktip partners
each making a final investment decision, obtaining regulatory approvals
and concluding pipeline arrangements to transport gas from the Joseph
Bonaparte Gulf to Gove.
Woodside’s Gas Business Unit Director, David Maxwell, said
the agreement with Alcan was a key step towards the commercialisation
of Blacktip gas.
“Development of the Blacktip gas field provides a secure
and competitive gas supply for the Northern Territory and supports
Alcan’s proposed gasification and expansion of its Gove facilities,”
he said. “It is a key part of Woodside’s growth strategy
for Australian gas."
Blacktip, which is more than 100km north of Wyndham in the offshore
permit, WA279P, was discovered in September 2001. Its scope for
recovery is 1.1 trillion cubic feet of gas.
Woodside also confirmed it had reached agreement with Eni on a
restructuring of interests in the Bonaparte Gulf in which Eni has
increased its stake in permits WA 279P, WA313P and NT/P57.
Posted by Richard Price,
Editor Pipeline Magazine
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