Wood Australia, a subsidiary of the UK’s Wood, has been tasked with conducting a concept study for the development of the Greater Sunrise gas and condensate fields, operated by Woodside Energy.  

The study work was awarded by the Sunrise Joint Venture (SJV) participants. 

SJV participants include Timor Gap, with a 56.56% stake, Woodside, which has 33.44% stake, and Osaka Gas Australia, which owns the remaining 10%. 

The study will evaluate the issues with the development, processing and marketing of gas, with a focus on delivering gas to Timor-Leste for processing and liquified natural gas sales, or alternatively, delivering the gas to Australia. 

The Greater Sunrise offshore fields are situated approximately 450km north-west of Darwin and 150km south of Timor Leste, encompassing the Sunrise and Troubadour gas and condensate fields.  

Wood will lead the study with a team of specialist consulting partners, covering a wide range of disciplines from engineering to socio-economic analysis. 

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The study is expected to be completed by the fourth quarter (Q4) of 2024.  

In a separate development, Woodside has engaged Argeo to conduct a geophysical survey of the Calypso field in Trinidad and Tobago, with work starting in Q3 2024. 

Last month, Woodside CEO Meg O’Neill highlighted the company’s negotiations for improved fiscal terms with the Trinidad and Tobago Government for the Calypso project.  

Recently, Woodside completed the sale of a 10% interest in the Scarborough JV in Australia to LJ Scarborough, now co-owned by LNG Japan and the Japan Organisation for Metals and Energy Security.