View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
November 22, 2021updated 28 Apr 2022 5:45am

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 2026. 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 2024 and is forecast to peak in 2025, 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 2058.


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

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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology