Woodside backs Browse FLNG
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Woodside Petroleum (WPL) will recommend the Browse Joint Venture participants use floating LNG (FLNG) technology as the development concept to commercialise the three Browse gas fields.
In a statement to the Australian Securities Exchange, Woodside said the concept would involve using its offshore development expertise, alongside Shell’s FLNG technology.
"The selection of FLNG as the development concept requires the approval of the Browse Joint Venture participants before progressing through to the Basis of Design phase," the group said.
Woodside said its decision follows the evaluation of alternative development concepts for Browse after the announcement in April this year not to proceed with the onshore development at James Price Point.
Other development concepts considered included a pipeline to existing facilities in the Pilbara and amodified option in the Kimberley.
Woodside chief executive officer Peter Coleman said it was pleasing that Woodside had been able to complete the evaluation of alternative development concepts quickly.
"Through this review, a compelling case has emerged for floating LNG as the best option for early commercialisation of the world-class Browse resource," he said.
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