Australia’s Woodside Petroleum has approved a A$5bn investment to develop the North Rankin 2 (NR2) gas project off the north-west coast of Australia.
The NR2 project will recover remaining low pressure gas from the North Rankin and Perseus gas fields, says operator Woodside.
The project will entail installing a second platform, North Rankin B, at a water depth of 125 metres, including gas compression facilities, utilities and new living quarters.
"This project will extend the field life of the North Rankin and Perseus fields and will support the venture’s onshore gas commitments to supply customers, post 2013," Woodside chief executive Don Voelte says.
North West Shelf equal partners are BHP Billiton Petroleum, BP Developments Australia, Chevron Australia Japan, Australia LNG Shell Development and Woodside.
By Ozge Ibrahim