Equus Energy has completed pre-front end engineering design (Pre-FEED) for the Equus gas project, with results confirming that the project is not only technically feasible but commercially robust.
The Pre-FEED study validated two primary development pathways designed to commercialise a massive independent resource of 1.7 trillion cubic feet (Tcf) of gas and 38 million barrels of condensate.
By plugging into existing spare capacity at either the Woodside-operated Pluto LNG facility or the Santos-operated Varanus Island plant, Equus can avoid the staggering costs and risks associated with building new greenfield infrastructure.
This approach allows the project to supply both international LNG markets and approximately 5 per cent of Western Australia’s current domestic gas demand.
The Equus Gas Project is located approximately 200 kilometres northwest of Onslow, in the northern Carnarvon Basin on the North West Shelf of Western Australia.
Equus Managing Director Will Barker said: “What continues to stand out about Equus is the ability to leverage existing North West Shelf infrastructure and spare gas processing capacity to access both LNG export markets and the Western Australian domestic gas market, providing development flexibility and capital efficiency.
“At a time when WA is facing tightening domestic gas supply and Asian buyers continue to focus on long-term energy security, Equus is positioned as a new source of reliable Australian gas supply for the region.”
The project is designed for a 15-year life, with a production capacity of approximately 350 million standard cubic feet per day. At start-up, it is expected to produce roughly two million tonnes of LNG per annum and 12,000 barrels of condensate per day.
Based on the results of the Pre-FEED, Equus Energy is now shifting its focus toward securing partners, financing, and final environmental approvals. The company is aiming to move into FEED and reach a final investment decision (FID) in the near future.