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November 25, 2021updated 26 Nov 2021 6:03am

North West Shelf Venture Conventional Gas Field, Australia

By Carmen

North West Shelf Venture is a producing conventional gas field located in shallow water in Australia and is operated by Woodside Energy. The field is located in block WA-28-P, WA-2-L, WA-23-L, WA-1-P, WA-1-L, WA-3-L, WA-5-L, WA-16-L, WA-53-L, WA-6-L, WA-4-L, WA-56-L, WA-52-L, WA-57-L, and WA-58-L, with water depth of 419 feet.

Four expansion projects are associated with the North West Shelf Venture conventional gas field, namely Lambert Deep, Greater Western Flank Phase 3, South Goodwin and NWS growth opportunities. The expansion projects are currently in the construction and feasibility stage, targeting start-up during 2022 – 2026.

Field participation details

The field is owned by BHP, BP, Chevron, Royal Dutch Shell, Woodside Petroleum, China National Offshore Oil, Mitsui and Mitsubishi.


Production from North West Shelf Venture

The North West Shelf Venture conventional gas field recovered 80.08% of its total recoverable reserves, with peak production in 2010. The peak production was approximately 156.95 thousand bpd of crude oil and condensate, 445 Mmcfd of natural gas, 30.74 thousand bpd of natural gas liquids and 2,052 Mmcfd of liquid natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2049. The field currently accounts for approximately 19% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 1,214.55 Mmboe, comprised of 133.1 Mmbbl of crude oil & condensate, 810.07 bcf of natural gas reserves, 5,635.7 bcf of liquid natural gas reserves and 7.16 Mmbbl of natural gas liquid reserves. North West Shelf Venture conventional gas field reserves accounts 0.39% of total remaining reserves of producing conventional gas fields globally.


Contractors involved in the North West Shelf Venture conventional gas field

Some of the key contractors involved in the North West Shelf Venture project as follows.

Main EPC: TechnipFMC

Other Contractors: Civmec and Cube Offshore

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About Woodside Energy

Woodside Energy Ltd (Woodside Energy) is a producer of oil and natural gas. It engages in development and production of hydrocarbon and hydrocarbon products. Woodside Energy is headquartered in Perth, Western Australia, Australia.

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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