Woodside, with the joint venture participant Mitsui E&P Australia, informed that the Greater Enfield project has been approved for development.
Located 60 km off Exmouth in Western Australia within Commonwealth waters the project 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 km subsea tie-back to the Ngujima-Yin floating production storage and offloading (FPSO) facility, located over the Vincent oil field, the company said.
Woodside CEO Peter Coleman said: “We have achieved investment spend at the low end of our guidance range by leveraging the latest technologies and using existing FPSO infrastructure. This allows us to accelerate the development of previously stranded resources.
“Greater Enfield is a demonstration of our phased and sustainable approach to growth.”
The Greater Enfield project requires development of six subsea production wells and six water injection wells. Production will be supported by subsea multiphase booster pumps in the Laverda area and gas lift in the Cimatti area, Woodside explained.
The total investment for the project is approximately USD 1.9 billion total cost (approximately USD 1.1 billion Woodside share) with first oil expected in mid-2019.
The Greater Enfield project is a joint venture between Woodside Energy (operator, 60%) and Mitsui E&P Australia Pty Ltd (40%).