Woodside and partners award Sunrise gig to Wood

Australian LNG player Woodside and its partners Timor GAP and Japan’s Osaka Gas have awarded the Greater Sunrise concept study contract to a unit of consulting and engineering firm Wood.

Woodside said in a statement on Wednesday that Wood Australia won the contract following a global contract procurement process.

According to Woodside, the “study will consider the key issues for developing, processing, and marketing gas with a strong focus on delivery of gas to Timor-Leste for processing and LNG sales or the alternative of delivery of the gas to Australia.”

It will include a range of disciplines including engineering, financial assessment and financing, local content, strategy and security, health safety and environment, and socioeconomic analysis.

The study will evaluate which option provides the “most meaningful benefit” for the people of Timor-Leste, Woodside said.

The study will be conducted in an impartial manner and, importantly, will not provide any recommendations to the Sunrise JV, the firm said.

It is targeted to be completed by no later than the fourth quarter of 2024.

In addition, the SJV and the governments have “continued to make progress towards agreeing a new production sharing contract, petroleum mining code and fiscal regimes, which upon finalization will assist with providing fiscal and regulatory certainty,” Woodside said.

Woodside and partners award Sunrise gig to Wood
Image: Woodside

Greater Sunrise fields

The Greater Sunrise fields, located about 450 km north-west of Darwin and 150 km south of Timor Leste (East Timor), comprise the Sunrise and Troubadour gas and condensate fields.

Woodside holds a 33.44 operating stake in the JV, the nation’s oil company Timor GAP has a 56.56 percent stake while Osaka Gas has a 10 percent stake.

In November last year, the JV received approval from East Timor to kick off work on the concept study for the development of the Greater Sunrise fields.

According to Woodside, the fields contain an estimated contingent resource (2C) 5.3 Tcf of dry gas and 226 MMbbl of condensate.

Woodside previously preferred the option of sending the Sunrise gas to Darwin as there are two existing LNG plants in the region, namely the Santos-led Darwin LNG facility and the Inpex-operated Ichthys LNG plant.

However, Woodside’s CEO Meg O’Neill revealed in November 2022 that the firm is willing to consider sending the gas to a new LNG plant in East Timor.

Most Popular

Cheniere to start site preparation for two more Corpus Christi LNG trains

US LNG exporting giant Cheniere is seeking approval from the US FERC to start site preparation activities for two more midscale trains at its Corpus Christi LNG plant in Texas.

Amigo LNG, Sahara seal 20-year SPA

Amigo LNG, a unit of LNG Alliance, has signed a 20-year sales and purchase agreement with Sahara Group to supply the latter with liquefied natural gas from its planned 7.8 mtpa LNG export plant in Mexico.

Woodside names Sarah Bairstow as Louisiana LNG head

Australian LNG player Woodside has appointed Sarah Bairstow to lead its Louisiana LNG project.

More News Like This

Woodside, Uniper ink Louisiana LNG supply deal

Australia's Woodside has signed LNG sale and purchase agreements with Germany's Uniper to supply the latter from its planned Louisiana LNG project and its global portfolio.

Woodside in LNG supply talks with Germany’s Uniper

Australian LNG player Woodside confirmed on Wendesday it is in talks with Germany's Uniper over a potential LNG supply deal.

Woodside names Sarah Bairstow as Louisiana LNG head

Australian LNG player Woodside has appointed Sarah Bairstow to lead its Louisiana LNG project.

Stonepeak to take 40 percent stake in Woodside’s Louisiana LNG project

Australian LNG player Woodside has signed a binding deal with US private equity firm Stonepeak to sell 40 percent of its Louisiana LNG project.