Who owns North West Shelf?
The North West Shelf project is equally owned by operator Woodside, BHP, BP, Chevron, Shell and Japan Australian LNG that is owned by Mitsui and Mitsubishi. The 2020 drop in supply from NWS has been known since 2014 when the Barnett State Government revised the agreement with the North West Shelf.
Who owns Karratha gas Plant?
Woodside
The Karratha gas plant, part of the North West Shelf (NWS) venture operated by Woodside, has an export capacity of 16.9 million tonnes per annum, with five LNG processing trains, two domestic gas trains, six condensate stabilisation units and three LPG fractionation units.
Where is North West Shelf?
Western Australia
The North West Shelf is a continental shelf region of Western Australia. It includes an extensive oil and gas region off the North West Australia coast in the Pilbara region.
Where is the North West Shelf Australia?
Located on the Burrup Peninsula near the Port of Dampier and the City of Karratha in Western Australia, the project is a major producer of LNG, natural gas, liquid petroleum gas (LPG), condensate and crude oil. Since 1989, it has delivered more than 5000 LNG cargoes.
How much gas was in the North West Shelf?
33 trillion cubic feet
In the late 1980s, it was the largest engineering project in the world. The Venture is underpinned by huge hydrocarbon reserves within the Carnarvon Basin, with only about one-third of the Venture’s estimated total reserves of 33 trillion cubic feet (930 km3) of gas produced to date.
Who owns Woodside?
Shareholder details BHP distributed Woodside shares on 1 June in the form of an in-specie dividend. Key points include: Merger ratio – on completion at 1 June 2022, the merged business will be owned approximately 52 per cent by existing Woodside shareholders and 48 per cent by BHP shareholders.
Where is Carnarvon Basin?
The Carnarvon Basin is an epicratonic, faulted and folded Phanerozoic basin which encompasses over 1000km of the west and northwest coast of Western Australia, from Geraldton to north of Port Headland.
Where does Woodside export to?
Woodside has exploration, development and operating activities in Australia and a number of international regions including Canada, United States, Senegal, South Korea, New Zealand, Myanmar, Cameroon, Gabon, Morocco and Ireland.
What will happen to Woodside shares?
As a result, BHP has now distributed Woodside shares to eligible BHP shareholders. BHP dividend statements and Woodside holding statements are expected to be despatched to eligible BHP shareholders in mid-June 2022. The closing price of Woodside shares on ASX on 31 May 2022 was A$29.761.
Who is Australia’s largest oil and gas producer?
Woodside Energy
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.
Where is the Perth gas basin?
Basin Details and Geological Overview. The Perth Basin is a north to north-northwest trending, onshore and offshore sedimentary basin extending about 1300km along the southwestern margin of the Australian continent.
Where is Browse basin?
The Late Carboniferous-Cainozoic Browse Basin is a large, offshore basin on the northwestern Australian poly-phased margin. The basin is a proven hydrocarbon province, with major undeveloped gas/condensate fields in the outer and central basin and minor oil discoveries on the basin’s eastern margin.
Is Woodside a good buy?
Consensus on Woodside is Moderate buy. Based on Morningstar’s fair value of $32.59, the stock appears to be undervalued. Based on the seven brokers that cover Woodside (as reported on by FN Arena) the stock is currently trading with 7.2% upside to the target price of $31.68.
Why did BHP merge with Woodside?
BHP Chief Executive Officer, Mike Henry said: “The merger of our petroleum assets with Woodside creates a global energy company with the scale and opportunity to help supply the energy needed for global growth and development in a rapidly decarbonising world.
Who owns oil in Australia?
Recent announcements and the 2020–21 Budget
| Refinery | Owner | Location |
|---|---|---|
| Altona | ExxonMobil | Southwest Melbourne, Victoria |
| Geelong | Viva Energy Australia | Geelong, Victoria |
| Kwinana | BP | South of Fremantle, Western Australia |
| Lytton | Ampol | Brisbane, Queensland |
Where is West Erregulla?
The West Erregulla onshore gas field is a conventional gas project located in the North Perth Basin approximately 230km northeast of Perth in Western Australia. The massive gas field is estimated to hold up to 1.6 trillion cubic feet (tcf) of gas.
Where is the Waitsia gas field?
northern Perth Basin
The Waitsia gas project is located on agricultural land in the Shire of Irwin within the northern Perth Basin, approximately 16km south-east of Dongara and 340km north of Perth.
What is the North West Shelf project?
The North West Shelf Project facilities include the Karratha Gas Plant where liquefied natural gas, pipeline gas, condensate and liquefied petroleum gas is produced. Over the past 30 years the North West Shelf Project has supplied in excess of 5500 LNG cargoes to the Asia Pacific region.
Why choose North West Shelf gas?
Over the past 30 years the North West Shelf Project has supplied in excess of 5500 LNG cargoes to the Asia Pacific region. North West Shelf Gas has proudly supported the WA Youth Jazz Orchestra since 2009. Japanese foundation customers have played an integral role in the success of the North West Shelf Project.
How many LNG cargoes has North West Shelf supplied?
Over the past 30 years the North West Shelf Project has supplied in excess of 5500 LNG cargoes to the Asia Pacific region. North West Shelf Gas has proudly supported the WA Youth Jazz Orchestra since 2009.
Who is the operator of the North West Shelf?
During 2021, Woodside, as operator of the North West Shelf Project, continued to focus on safe and reliable operations and the delivery of community development outcomes. contributed to the Australian economy by the North West Shelf in 2021.