Woodside Energy will move ahead with development of the Julimar-Brunello Phase 3 project offshore Western Australia.
In its second-quarter 2023 report dated July 18, the company confirmed a positive final investment decision was made on the project—which will provide a new supply of gas to the Chevron-operated Wheatstone LNG plant—in April, said Woodside chief executive officer Meg O'Neill.
KUFPEC, which holds a 35% interest in Julimar-Brunello fields, noted the decision in mid-June.
Both fields supply about 20% of the total raw gas demand to the Wheatstone project, KUFPEC said at the time. The remaining gas is provided by Chevron-operated Wheatstone and Iago fields.
The Julimar-Brunello development project has been split into multiple development phases. To date, two phases, comprising eight wells, have been completed and are producing.
In June, Woodside Energy Julimar Pty. Ltd. awarded TechnipFMC a contract to engineer, procure, construct, and install (EPCI) flexible pipes and umbilicals for its Julimar Phase 3 development (OGJ Online, June 15, 2023).
Woodside Energy Group delivered quarterly production of 44.5 MMboe in second-quarter 2023, down 5% from this year’s first quarter due to planned turnaround and maintenance activities. Full-year production guidance remains unchanged at 180-190 MMboe.
The company has total revenue of $3.08 billion, down 29% from this year’s first quarter due to lower realized prices and lower production.