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November 22, 2021

Equus Conventional Gas Field, Australia

By Carmen

Equus is a conventional gas development located in deepwater in Australia and is operated by Western Gas (70 R). Discovered in 2008, Equus lies in block WA-390-P (Released as W 06-11), WA-474-P ( Released as W 11-12), and WA-70-R, with water depth of around 3,620 feet.

The project is currently in approval stage and is expected to start commercial production in 2025. Final investment decision (FID) of the project will be approved in 2021. The development cost is expected to be $3,500 m. The Equus conventional gas development will involve the drilling of approximately three wells and includes FLNG, FPSO, and subsea trees.

Field participation details

The field is owned by Western Gas.


Production from Equus

Production from the Equus conventional gas development project is expected to begin in 2025 and is forecast to peak in 2026, to approximately 7,000 bpd of crude oil and condensate, 38 Mmcfd of natural gas and 212 Mmcfd of liquid natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2057.


Remaining recoverable reserves

The field is expected to recover 361.45 Mmboe, comprised of 46.34 Mmbbl of crude oil & condensate, 393.14 bcf of natural gas reserves and 1,497.5 bcf of liquid natural gas reserves.


Contractors involved in the Equus conventional gas field

Some of the key contractors involved in the Equus project as follows.

Design/FEED Engineering: Baker Hughes, io Oil & Gas UK, John Wood Group, McDermott International and Worley

Other Contractors: AGR Holdings, Blossomvale Holdings, DORIS Engineering, Greatship Subsea Solutions Australia and John Wood Group

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Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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