Timor-Leste approves concept study for Greater Sunrise project
The Timor-Leste government has granted the Sunrise joint venture, comprising state-owned Timor Gap, Australia's Woodside Energy, and Japan's Osaka Gas, the green light to commence work on a concept study for the development of the Greater Sunrise fields, Woodside said via a LinkedIn post on November 22.
“Woodside Energy understands, respects and wholeheartedly supports Timor-Leste’s aspiration for Sunrise to deliver real benefits to its people and we are very excited to collaborate on this important next step for the project,” Woodside CEO Meg O'Neill said in a separate LinkedIn post. O'Neill is on her first visit to Timor-Leste.
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Woodside had previously proposed piping the gas to Darwin, Australia, to leverage existing infrastructure, while the Timor-Leste government advocated for an onshore LNG plant to foster job creation and industrialization within the country.
The study will look into all of the key issues for delivering the gas, for processing and LNG sales, to Timor-Leste compared to delivering the gas to Australia.
The Sunrise development, located approximately 450 km north-west of Darwin and 150 km south of Timor Leste, comprises the Sunrise and Troubadour gas and condensate fields. The fields contain an estimated contingent resource of 5.3 trillion ft3 of dry gas and 226mn barrels of condensate.
Timor Gas owns 56.56% of the project, Woodside Energy has a 33.44% stake, and Osaka Gas Australia owns the remaining 10%.