Woodside (Perth, Australia) has said that neither of the two competing proposals to develop one of the gas fields between Australia and East Timor were feasible. Woodside, operator of the USD 30 billion Greater Sunrise project, rejected a proposal by Royal Dutch/Shell to process the gas offshore using new floating liquefied natural gas (FLNG) technology and export it to North America. It also turned down a ConocoPhillips plan for the gas to be piped to Darwin for processing and then sold in Australia. It said it would now seek to commercialise the field using FLNG by finding customers in Asia rather than only in North America, but that this was likely to push the timetable for the field’s development beyond 2008.
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