Oz Western Gas Looks for Equus Partner
Western Gas, which operates the Equus gas project offshore Western Australia, is looking for a project development partner after having completed the design concept for the project, it said May 10.
Project development services being sought by Western Gas embrace full field development, including drilling, subsea, offshore processing and a gas pipeline to shore. CEO Andrew Leibovitch said the first gas is planned by 2023.
"It was clear from the start that a new approach would be needed to develop this significant resource in a timely way," Leibovitch said. "We have resized the project to match the discovered gas resource and to meet gas customers’ needs for long-term secure contracts and innovative pricing. We’re now moving forward to secure a project partner and bring this gas to market.” Western Gas acquired the Equus project from Hess in November 2017.
The project comprises an independently certified resource of 2 trillion ft3 of gas and 42mn barrels of condensate. The project is located in the North West Shelf, and Western Gas says it is surrounded by world-class infrastructure, production facilities and pipelines, providing access to Western Australia’s gas market.
Leibovitch said that Western Gas was progressing the marketing of Equus gas with a focus on securing foundation customers, as well as undertaking project financing activities. Front end engineering design (Feed) will commence once customer arrangements are secured, with a final investment decision expected in late 2019.