The Equus Gas Project has moved to the next phase of development, with operator Western Gas now seeking a partner for the project.
Basis for design for the development of the project has been completed, with Western Gas issuing a request for proposals to secure a world-class development partner.
Project development services being sought for full field development include drilling, subsea, offshore processing and a gas pipeline to shore.
“We have resized the project to match the discovered gas resource and to meet gas customers’ needs for long-term secure contracts and innovative pricing,”? said Western Gas Executive Director Andrew Leibovitch.
“We’re now moving forward to secure a project partner and bring this gas to the market.
The Equus Gas Project, which Western Gas acquired from Hess Corporation in 2017, is made up of four permits and retention leases and comprises 11 gas and condensate fields, with an independently certified resource of more than 2 Tcf of gas and 42 MMbbl of condensate.
Front End Engineering and Design (FEED) will commence once customer arrangements are secured, with a Final Investment Decision (FID) expected in late 2019.
Gas from the project has been earmarked for domestic use, with Western Gas estimating the resource is sufficient to supply one quarter of Western Australian gas demand, or two tonnes of LNG a year, for 20 years.
It is strategically located in the North West Shelf, surrounded by world-class infrastructure, production facilities and pipelines, providing access to Western Australia’s large scale gas market.
The permits and lease comprise WA-390-P, WA-474-P, WA-518-P, WA-519-P and WA-70-R located offshore in the Carnarvon Basin, about 200 km north-west of Onslow in Western Australia.