Who owns Scarborough gas?
Woodside Energy Scarborough
The Scarborough gas project is developed by the Scarborough Joint Venture, comprising Woodside Energy Scarborough (73.5%) and BHP Petroleum (Australia) (26.5%). The final investment decisions for the Scarborough and Pluto Train 2 projects were completed in November 2021.
Where is Scarborough LNG project?
The Scarborough project involves piping gas from the Scarborough gas fields, about 375 kilometres off the coast of WA, to an expanded Pluto processing facility near Karratha. It is expected to emit millions of tonnes of carbon over its lifetime.
What is Scarborough project?
Scarborough is one of the dirtiest new fossil fuel projects currently planned in Australia. It will release as much pollution as 20,000 flights around the world every day, for the next 25 years. If the world is going to avoid catastrophic climate change, new gas mining projects like Scarborough can’t go ahead.
Where are the Scarborough gas fields?
The Scarborough gas field is a natural gas field located in the Indian Ocean north-west of Exmouth on the coast of Western Australia. The total Contingent Resource of the Scarborough gas field is around 7.3 trillion cubic feet.
Does Scarborough have oil?
With a price tag of $US12 billion ($16.5 billion), Scarborough is set to be the biggest oil and gas development undertaken in Australia since the end of a $US200 billion ($275 billion) investment splurge 10 years ago.
What is the Woodside Scarborough project?
Woodside’s Scarborough-Pluto gas project proposes to drill and pipe gas from off the coast of Western Australia, mainly to supply natural gas to countries in Asia.
Does Woodside produce natural gas?
Within Australia Woodside operates or is developing a number of liquefied natural gas projects. The company also operates the Enfield and Vincent oil fields offshore from Exmouth in Western Australia.
What is Pluto train?
Pluto Train 2 is the expansion of a second LNG train at the existing Pluto LNG onshore facility near Karratha in Western Australia run by Woodside. Pluto Train 2 will process Scarborough gas and have an LNG capacity of ~5 million tonnes per annum.
How big is the Scarborough gas field?
The Scarborough gas resource is located in the Carnarvon Basin, approximately 375 km west-north-west of the Burrup Peninsula in Western Australia. The Scarborough gas resource is part of the Greater Scarborough gas fields which are estimated to hold 13.0 Tcf (2C, 100%) of dry gas.
Where is the Philippines largest untapped oil reserves located?
According to him, the vast oil reserves of the Philippines are found in various parts of the archipelago, specifically the Reed Bank — the largest of them all — and the Mischief Reef in the Spratly Islands or the Kalayaan Island Group (KIG).
Does Shell own Woodside?
LONDON/SYDNEY (Reuters) – Royal Dutch Shell on Monday sold its entire stake in Australia’s largest independent oil and gas company Woodside Petroleum Ltd for $2.7 billion as it pushes ahead with its vast disposal program.
Who owns Woodside gas?
In a separate statement, BHP Group confirmed that the merger of its oil and gas portfolio with Woodside by an all-stock merger has been completed, adding that the closing price of Woodside shares on ASX on 31 May 2022 was A$29.76 or $21.39.
Who built Pluto?
The Pluto LNG Project is underpinned by 15-year sales agreeents with Kansai Electric and Tokyo Gas for the combined supply of up to 3.75 million tonnes of LNG a year. Kansai Electric and Tokyo Gas became project partners in January 2008, each acquiring a five per cent interest in the Pluto LNG Project.
Who owns Pluto gas plant?
It is a joint venture between Woodside, which has a 90% interest, and Japanese companies Tokyo Gas and Kansai Electric, which each have a 5% interest.
What is a train in oil and gas?
Also known as a liquefaction unit. In the context of the midstream oil & gas sector, a train consists of various components to process, purify, and convert natural gas to liquefied natural gas (LNG). They are called trains because of the sequential arrangement of the equipment used to process and liquefy natural gas.
Does Philippines have its own oil?
According to the Oil & Gas Journal, the Philippines had 139 million barrels of proved crude oil, including lease condensate, reserves in 2019. In 2019, total petroleum and other liquids production was 37,000 barrels per day (b/d), and the country consumed 474,000 b/d.
What is the biggest oil company in Australia?
Woodside Energy, a petroleum exploration and production company, is Australia’s largest oil company. Woodside Energy has become the country’s largest operator of oil and gas production and is also Australia’s biggest independent dedicated oil and gas company.
Does Australia have it own oil?
Australia holds 1,193,000,000 barrels of proven oil reserves as of 2016, ranking 38th in the world and accounting for about 0.1% of the world’s total oil reserves of 1,650,585,140,000 barrels. Australia has proven reserves equivalent to 2.9 times its annual consumption.
Is BHP taking over Woodside?
BHP Group (BHP) is pleased to announce that the merger of BHP’s oil and gas portfolio with Woodside Energy Group Limited (Woodside) by an all-stock merger (Merger) has completed today.