Woodside has commenced production from the Greater Enfield Project, offshore Western Australia.
The company produced the first oil through the Ngujima-Yin floating production storage and offloading (FPSO) vessel. A total of $1.9bn was invested in the project, which Woodside operates with a 60% stake. The remaining interest is with Mitsui E&P Australia.
Approved in 2016, the Greater Enfield Project involved the development of the Laverda Canyon, Norton over Laverda and Cimatti oil accumulations. The new production is connected to the Ngujima-Yin FPSO, located over the Vincent field, through a subsea tie-back.
In 2019 the Ngujima-Yin was refurbished at the Keppel Tuas Shipyard in Singapore, to equip the vessel in managing output from the Greater Enfield. In the meantime, production from the Vincent field remained suspended.
Currently, the project’s subsea infrastructure installation works and drilling of 12 development wells are complete.
Woodside CEO Peter Coleman said: “The delivery of Greater Enfield is further demonstration of Woodside’s capacity to execute the major projects that will underpin our next phase of growth.
“The technical and project leadership capabilities applied on the Greater Enfield Project will be carried forward as we progress our plans to develop the Scarborough and Browse offshore gas resources through the proposed Burrup Hub.”
He added that the project achieved its first oil on schedule and within the budgeted cost.
The commencement of production from the Greater Enfield Project is expected to help Woodside to achieve its targeted annual production of about 100 million barrels of oil equivalent in 2020.