Oz Western Gas Says Equus Project on Track
Western Gas September 11 said its fully-owned Equus gas project offshore Western Australia is on track for first gas in 2024 following the completion of the upstream to LNG development plan and commencement of project financing and partnering activities.
Company’s executive director Andrew Leibovitch said that the engineering and design process undertaken by the company’s development partners McDermott and Baker Hughes, a GE company, “had delivered a globally competitive, midscale LNG development plan for the Equus fields."
The upstream to LNG development plan comprises three production wells tied back to a floating production storage and offtake (FPSO) facility, a 160 km dry gas export pipeline to a nearshore 2mn metric tons/year floating LNG (FLNG) facility and an onshore pipeline connection, Western Gas said. A pipeline connecting the nearshore facility with the Dampier to Bunbury Natural Gas Pipeline is also planned.
Meanwhile, the company has appointed Goldman Sachs as its financial adviser in connection with its partnering process.
“Equus is at the right stage of development where the introduction of an experienced and financially capable partner can help progress the project to first gas and realise the value of the greater Equus area,” Leibovitch said. “The partnering process together with the preparation of the project work packages will deliver Western Gas with the financial, project delivery and operational expertise to drive Equus into production in 2024.”