Woodside floats Browse revival after James Price axing

Written on the 29 August 2016

Woodside is exploring ways to revive the shelved Browse LNG project as it seeks long-term solutions to keep gas flowing to the North West Shelf venture.

Three years after axing the controversial James Price Point gas plant proposal and five months after calling off a floating facility, chief executive Peter Coleman's team is looking anew at concepts as costs come down.

Among those are using updated floating-plant technology and the previously rejected method of piping gas to the North West Shelf's Karratha plant.

"It's not off the list, it's back on the list," Mr Coleman said of Browse. "It has to be on the list."

He said any new plan would have to keep costs at under $40 per barrel of oil equivalent. James Price Point would have cost more than $70 per barrel, with the previous floating LNG proposal in the mid $50s.

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Source: The West Australian, Peter Williams

Image; Peter Coleman