See all articles

Equus project powers along

Project owner has clarity on development concept but still searching for a partner

The owner of the Equus gas field in Australia said today that project engineering and design work is focused on the various work packages for the production facilities.

Western Gas said McDermott and Baker Hughes GE have completed an upstream-to-LNG development plan for Equus that will involve three production wells tied back to a floating production storage and offloading vessel, a 160-kilometre dry gas export pipeline to a near-shore 2 million tonne per annum floating LNG facility and an onshore pipeline connection.

Engineering and design work is now focused on the development of proposals for the subsea, FPSO, pipeline and FLNG work packages, said the privately-owned operator.

Western Gas said it has appointed Goldman Sachs as a financial adviser in connection with te Equus 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,” said Western Gas Executive Director Andrew Leibovitch.

“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.”

Leibovitch added that 100% project ownership differentiated Equus from regional LNG projects.

“With no joint venture misalignment, Western Gas has full control of project design, delivery and partnering across the value chain,” he said.

Latest news
Most read