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Quotes by TradingView

Woodside announces first oil from Greater Enfield

27 Aug, 2019
874
Ngujima-Yin is a Thalanjyi word meaning “to dream”. Ngujima-Yin’s production capacity is 120,000 barrels of oil a day. Image courtesy of Woodside Energy.

Woodside Energy has confirmed that on 25 August 2019, the US$1.9 billion Greater Enfield Project produced first oil through the Ngujima-Yin floating production storage and offloading vessel (FPSO).

Located 60 kilometres off Exmouth in Western Australia within Commonwealth waters, the project, which was approved in 2016, will develop the Laverda Canyon, Norton over Laverda (WA-59-L) and Cimatti (WA-28-L) oil accumulations. These reserves will be produced via a 31-kilometre subsea tie-back to the Ngujima-Yin FPSO facility, positioned over the Vincent oil field.

The project scope included a major refit of the Ngujima-Yin FPSO which was successfully completed at the Keppel Tuas Shipyard in Singapore.

The FPSO returned to waters off the North West Cape on 5 May 2019 and production from the Vincent wells recommenced on 4 July 2019.

Installation of subsea infrastructure has been completed, with all the project’s 12 development wells now also complete.

Woodside CEO, Peter Coleman, said first oil from Greater Enfield was produced on schedule and under the project’s budgeted cost.

“The subsea campaign and refurbishment of the Ngujima-Yin FPSO was a significant undertaking, and the project team and our contractors should be proud of their achievement,” he said.

Mr Coleman added that a highlight included performing over five million work hours in the shipyard without a recordable safety incident.

“The delivery of Greater Enfield is further demonstration of Woodside’s capacity to execute the major projects that will underpin our next phase of growth,” he said.

“The technical and project leadership capabilities applied on the Greater Enfield Project will be carried forward as we progress our plans to develop the Scarborough and Browse offshore gas resources through the proposed Burrup Hub.”

Woodside has production expectations of around 40,000 barrels per day of oil equivalent after ramp-up.

The Greater Enfield Project is a joint venture between Woodside Energy Ltd (Operator, 60 per cent) and Mitsui E&P Australia Pty Ltd (40 per cent).

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