The first phase comprises three production wells connecting the Nimblefoot and Mentorc fields via a subsea network to a floating production, storage, and offloading vessel, a 160-km dry gas export pipeline to a nearshore, a 2 million-tonne/year floating LNG (FLNG) plant, and an onshore pipeline connection to supply gas into the Dampier-to-Bunbury natural gas trunkline.
Processing on the FPSO will include gas dehydration, gas compression, and stripping of condensate for direct export.
Engineering and design work will now focus on development proposals for the subsea installations, the FPSO, pipeline, and FLNG work packages.
WGC has appointed Goldman Sachs as the company’s financial adviser in connection with its partnering process. Leibovitch said Equus is at the stage of development where the introduction of an experienced and financially capable partner can help progress the project to start of gas production in 2024 and realize the value of the greater Equus area.
At the moment WGC has 100% ownership of the Equus project.
Some $1.5 billion has already been spent at Equus since 2007 on exploration, appraisal, and development stuides. This includes 17 exploration wells, 4 appraisals wells, 5 dynamic well tests, 9,100 sq km of 3D seismic as well as a completion of front-end engineering and design studies.