Woodside has flagged potential first Browse basin gas from the mid-2020s.
However, it remains unlikely that the Perth-headquartered oil and gas producer intends to deploy floating LNG or construct a new onshore plant, as was the initial plan near Broome, if and once the suspended project does receive FID.
At Woodside’s annual general meeting on Friday, CEO Peter Coleman gave a hint of where Woodside was heading with Browse, saying: “As you know, we have worked for some years to find the right development concept for the world class Browse resources. I’m very excited about where we are headed.”
Woodside had previously indicated an FLNG solution for the Browse project, which would develop the Brecknock, Calliance and Torosa fields off Western Australia containing gross contingent resources (2C) of 15.4 trillion cubic feet of dry gas and 453 million barrels of condensate.
However, the three facility FLNG option was shelved last year when Woodside cited unfavourable economic and market conditions for the project to progress.
Recent commentaries have suggested that Woodside is now considering alternative concepts using existing infrastructure on the Burrup Peninsula.
At the AGM Coleman hinted that FLNG remained a non-starter and that Woodside was now considering doubling the life of the existing North West Shelf LNG plant by introducing Browse gas into the facility near Karratha.
“Factors point to a supply shortfall in the 2020s,” Coleman said. “We anticipate that first gas from Browse could enter the North West Shelf plant from the mid- 2020s, coinciding with the forecast supply crunch.”
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