North West Shelf Venture is a producing conventional gas field located in shallow water in Australia and is operated by Woodside Energy Group. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block WA-28-P, WA-2-L, WA-23-L, 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. Buy the profile here.
Two expansion projects are associated with the North West Shelf Venture conventional gas field, namely the South Goodwin and the NWS growth opportunities. The expansion projects are currently in the feasibility stage, targeting start-up during 2025 – 2026.
Field participation details
The field is owned by BP, Chevron, Mitsubishi, Mitsui, Shell and Woodside Energy Group.
Production from North West Shelf Venture
The North West Shelf Venture conventional gas field recovered 86.79% of its total recoverable reserves, with peak production in 2010. The peak production was approximately 156.95 thousand bpd of crude oil and condensate, 445.00 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 2042. The field currently accounts for approximately 19% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 802.79 Mmboe, comprised of 76.10 Mmbbl of crude oil & condensate, 525.98 bcf of natural gas reserves, 3,807.96 bcf of liquid natural gas reserves and 4.37 Mmbbl of natural gas liquid reserves. North West Shelf Venture conventional gas field reserves accounts 0.27% of total remaining reserves of producing conventional gas fields globally.
About Woodside Energy Group
Woodside Energy Group Ltd (Woodside), formerly Woodside Petroleum Ltd, is an independent oil and gas company that explores, develops, produces, and supplies energy. It explores and produces oil and gas from a portfolio of facilities in association with some of the world’s major oil and gas companies. The company operates liquefied natural gas trains, offshore gas platforms, and oil floating production storage and offloading (FPSO) vessels. Woodside also operates a network of subsea and pipeline infrastructure in Australian waters. Woodside maintains international exploration assets in Oceania, Africa, Asia, the Americas and Europe. Woodside is headquartered in Perth, Western Australia, Australia.
For more details on the North West Shelf Venture Conventional Gas Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
