Woodside
achieves key Enfield milestone
Posted: 10 June 2003
Woodside Energy Ltd. has committed to the front-end engineering
and design (FEED) phase of the Enfield area oil development located
off North West Cape in Western Australia.
The total cost of this phase of the development is $88 million
covering all activities required to move to the final investment
decision which is planned for Q2 2004. The total project is budgeted
at approximately $1.5 billion.
The Enfield oil field was discovered in 1999. Following appraisal,
the field oil reserves are assessed at about 145 million barrels
at the expectation level.
The development is based on a 100,000 b/d capacity floating production,
storage and offtake vessel.
The facility will have capacity to tie-back other discoveries already
made in the area once Enfield production starts to decline.
A number of key contracts for the project are in the process of
being let:
- Engineering, Procurement and Construction management (EPCm)
services for the FPSO to Fluor Amec Joint Venture of Australia,
based in Perth.
- Securing of a building slot for construction of the Floating
Production, Storage Offloading (FPSO) vessel to Samsung Heavy
Industries, of South Korea.
- Design of the Turret Mooring System Supply to Single Buoy Moorings
Inc, of Switzerland.
A smaller contract was also awarded for design Verification Services
to Lloyds Register of Shipping in Fremantle.
The General Manager of the Enfield Area Development, Duncan Clegg,
confirmed that the project remained on schedule for a FID in the
second quarter of 2004.
“This is a major commitment towards the oil production at
Enfield which will be a major contributor to Woodside's future growth.
It positions the project to achieve first oil production by the
second half of 2006,” Mr Clegg said.
Mr Clegg confirmed that approvals have been sought in accordance
with the Commonwealth Environmental Protection and Biodiversity
Conservation Act, 1999.
The Enfield oil field is one of three discovered in permit WA-271-P.
Woodside is 100 per cent permit holder and operator.
Posted by Richard Price,
Editor Pipeline Magazine
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