Crux is a conventional gas development located in shallow water in Australia and is operated by Shell Development (Australia). According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Crux was discovered in 2000, the field with water depth of around 548 feet. Buy the profile here.
The project is currently in construction stage and is expected to start commercial production in 2027. Final investment decision (FID) of the project was approved in 2022. The development cost is expected to be $1,790 m. The Crux conventional gas development will involve the drilling of approximately five wells and includes wellhead platform.
Field participation details
The field is owned by Osaka Gas, Seven Group Holdings and Shell.
Production from Crux
Production from the Crux conventional gas development project is expected to begin in 2027 and is forecast to peak in 2033, to approximately 16,365 bpd of crude oil and condensate, 7,041 bpd of natural gas liquids and 397 Mmcfd of liquid natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2052.
Remaining recoverable reserves
The field is expected to recover 316.97 Mmboe, comprised of 57.35 Mmbbl of crude oil & condensate, 1,400.26 bcf of liquid natural gas reserves and 26.24 Mmbbl of natural gas liquid reserves.
Contractors involved in the Crux conventional gas field
Some of the key contractors involved in the Crux project as follows.
Design/FEED Engineering: John Wood Group and KBR
Other Contractors: Blossomvale Holdings
About Shell Development (Australia)
Shell Development (Australia) Pty Ltd (SDA), a subsidiary of Royal Dutch Shell plc, is an oil and gas company that offers exploration, refining, supplying and marketing of oil and gas products. It discovers, develops and supplies liquefied natural gas, condensates and liquefied petroleum gas to overseas markets and natural gas to domestic customers. It also provides piston engine oils, aviation fuels, and greases to the commercial and general aviation markets. SDA's projects include Prelude floating LNG Project and North West Shelf LNG project. The company serves aviation, oil and gas, marine, lubricants and petrochemical sectors. It has operations throughout Australia. SDA is headquartered in Perth, Western Australia, Australia.
For more details on the Crux Conventional Gas Field, buy the profile here.