Australia’s Beach Energy (ASX:BPT) has significantly cut estimated gas reserves at its LNG export project near Perth, Western Australia, by 11% following the Waitsia Stage 2 drilling campaign. BP (LON:BP) has an agreement to offtake the liquefied natural gas (LNG) volumes, which could be in doubt if the geology does not stack up as expected.
Australian junior Norwest Energy (ASX:NEW) recently announced a large gas discovery in the onshore Perth basin in Australia. The news bolsters recent analysis from consultancy Rystad Energy that suggests conditions are ripe for a significant development opportunity, with the basin potentially emerging as a key source of gas supply in Western Australia.
Wood Group has won a new contract to carry out front end engineering and design (FEED) work for the proposed Woodside Browse Floating Liquefied Natural Gas (FLNG) development.
The 12 month contract for the project offshore Western Australia, is worth $6million and will be carried out by Wood Group Kenny (WGK).
The company will perform all design engineering for the insulated production flowline system required for the assets offshore gas-condensate fields from their offices in Perth.
The three assets – Brecknock, Calliance and Torosa – are 300km from the Kimberley coast.