Julimar Ready for Wheatstone Role
Thursday 20 October 2016
Woodside Petroleum said today it has completed its Julimar offshore gas development in Western Australia and the field is ready to play its part in the Wheatstone LNG project.
In its quarterly results, Woodside said all construction and commissioning work for Julimar has been completed on schedule and under budget in preparation for Wheatstone start-up in mid-2017.
"Wheatstone is a key component of our near-term growth strategy and will contribute over 13 million barrels of oil equivalent of (net) annual production once both trains are fully operational,” said Woodside.
In a brief update on Wheatstone, the first LNG storage tank is ready for cooldown and all Train 2 modules are on-site.
The operator Chevron is expecting first LNG from train one in mid-2017 with first LNG from train two six to eight months later.
Woodside, meanwhile, reported improved production and revenue in the three months ended 30 September 2016 compared to the previous quarter, and very less than output and sales in the same three months last year.