Oceania
Australia
The Queensland Curtis LNG plant on the east coast of Australia.
In Australia, we have interests in offshore production and exploration licences in the North West Shelf (NWS) and Greater Gorgon areas of the Carnarvon Basin, as well as in the Browse Basin and Timor Sea. Some of these interests are held directly, others are held indirectly through a shareholding of 13.28% in Woodside. All interests in Australian assets described below are direct interests.
Woodside is the operator of the Pluto LNG project. Woodside is also the operator on behalf of the joint-venture participants in the NWS gas, condensate and oil fields, which produced more than 500 thousand boe/d in 2015. We provide technical support for the NWS development. We have a 50% interest in Arrow Energy Holdings Pty Limited, a Queensland-based joint venture with PetroChina. Arrow owns coal-bed methane assets and a domestic power business.
We have a 25% interest in the Gorgon LNG project, which involves the development of some of the largest gas discoveries to date in Australia, beginning with the offshore Gorgon (Shell interest 25%) and Jansz-lo (Shell interest 19.6%) fields. Gorgon LNG began production in March 2016.
We are the operator of a permit in the Browse Basin in which two separate gas fields were found: Prelude in 2007 and Concerto in 2009. Our development concept for these fields is based on our floating liquefied natural gas (FLNG) technology. The Prelude FLNG project (Shell interest 67.5%) is expected to produce about 110 thousand boe/d of gas and NGL, 3.6 mtpa of LNG, 1.3 mtpa of condensate and 0.4 mtpa of LPG. Major milestones during 2015 were the lifting of all topside modules onto the FLNG facility and the completion of well drilling.
We are also a partner in the Browse Joint Venture (Shell interest 27%) covering the Brecknock, Calliance and Torosa gas fields. In March 2016, the Browse joint-venture partners decided not to continue with the development under current economic and market conditions.
Our other interests include: a joint venture with Shell as the operator of the undeveloped Crux gas and condensate field (Shell interest 82%) and the Woodside-operated, undeveloped Sunrise gas field in the Timor Sea (Shell interest 26.6%).
We are a partner in both Shell-operated and other, non-operated exploration joint ventures in multiple basins including Bonaparte, Browse, Exmouth Plateau, Greater Gorgon, Outer Canning and Outer Exmouth.
As a result of the BG acquisition, we have a 50% stake in train one and 97.5% stake in train two of the Queensland Curtis LNG (QCLNG) plant, which loaded its first LNG cargo in December 2014. This two-train liquefaction plant has a total capacity of 8.5 mtpa. Our production of coal seam gas from the Surat basin supplies both the domestic market and QCLNG.
New Zealand
We have holdings in New Zealand including Kapuni (50%) and Pohokura (48%). We are an operator with 60% share of the exploration licences in the Great South Basin. We are also an operator with a 37.5% share of the petroleum prospecting permit in the New Caledonia Basin.
