Killajoules

Gas Discovery at Toro
Woodside advises that the Toro-1 exploration well in permit WA-430-P has intersected approximately 150 metres gross gas and 65 metres net gas within the Mungaroo Formation target.

Woodside to buy LNG from Corpus Christi Liquefaction, LLC
Woodside advises that its subsidiary Woodside Energy Trading Singapore Pte Ltd has signed a binding LNG Sale and Purchase Agreement with Cheniere Energy, Inc. subsidiary, Corpus Christi Liquefaction, LLC.

Woodside Signs Sales Agreement With Korea Gas Corporation
Woodside advises that it has signed a sales and purchase agreement (SPA) with Korea Gas Corporation (KOGAS) for a maximum supply of up to approximately 2.2 million tonnes of liquefied natural gas (LNG) over a three year period commencing in April 2014.

LNG delivered to KOGAS under the SPA will primarily be sourced from previously uncommitted volumes from the Woodside-operated Pluto LNG Plant. The agreement is subject to a number of conditions including obtaining necessary government approvals.

Other terms of this agreement are commercial-in-confidence.

Existing Pluto LNG agreements with foundation buyers provide for LNG delivery of an ex-ship equivalent of approximately 3.25 million tonnes per annum (mtpa). This comprises Kansai Electric 1.75 mtpa and Tokyo Gas 1.5 mtpa. The previously stated delivery to foundation buyers of up to 3.75 mtpa (as announced on 27 July 2007), which includes foundation buyer options of up to 0.5 mtpa, no longer applies.

Woodside CEO Peter Coleman welcomed this agreement with KOGAS and noted it demonstrated Woodside’s ability to supply LNG using increasingly flexible and innovative arrangements.

Woodside Signs Sales Agreement With Chubu Electric
Woodside advises that it has signed a sales and purchase agreement (SPA) with Chubu Electric Power Co. Inc. (Chubu Electric) for the supply of up to approximately 1.5 million tonnes of liquefied natural gas (LNG) over a three year period commencing in April 2014.

LNG delivered to Chubu Electric under the SPA will primarily be sourced from previously uncommitted volumes from Woodside-operated Pluto LNG.

Other terms of the agreement are commercial-in-confidence.

Woodside CEO, Peter Coleman said the agreement added to the company’s long-term relationships with major Japanese energy buyers.

“The agreement demonstrates the importance of Pluto LNG volumes in meeting growing regional demand for natural gas and also Woodside’s increasingly diverse LNG purchasing, sales and shipping arrangements,” Mr Coleman said.

Browse Marketing Update
In connection with Woodside’s sale of equity in the http://abarrelfull.wikidot.com/browse-lng-terminal Browse LNG Development] to Japan Australia LNG (MIMI Browse) Pty Ltd (MIMI) and advised to the ASX on 1 May 2012:

North Rankin Redevelopment Project Achieves Start-Up
Woodside, as operator of the North West Shelf Project, advises that the North Rankin Redevelopment Project has achieved start-up and has exported gas to the Karratha Gas Plant.

The A$5 billion (100% cost; Woodside share 16.67%) North Rankin Redevelopment Project has involved the construction and installation of a second platform, North Rankin B, and modification and refurbishment of the existing North Rankin A platform. Located approximately 135 km offshore Karratha, the North Rankin B platform will enable the recovery of approximately 5 trillion cubic feet (100% project) of low pressure reserves from the North Rankin and Perseus fields.

Woodside Chief Executive Officer, Peter Coleman, said achieving start-up as planned and on budget demonstrated Woodside’s ability to execute complex projects on a global scale.

“Start-up is a major milestone given the complexities of integrating a new 65,000 tonne facility next to an existing offshore production platform,” Mr Coleman said.

“The redevelopment maximises the value of Australia’s largest operating oil and gas project by extending the resource life and supporting the North West Shelf Project’s onshore gas commitments.”

The North Rankin Redevelopment Project participants are: Woodside Energy Ltd (Operator 16.67%), BHP Billiton Petroleum (North West Shelf) Pty Ltd (16.67%); BP Developments Australia Pty Ltd (16.67%); Chevron Australia Pty Ltd (16.67%); Japan Australia LNG (MIMI) Pty Ltd (16.67%); and Shell Development (Australia) Pty Ltd (16.67%).

Browse Joint Venture Selects Floating LNG as Basis of Design
Further to Woodside’s announcement on 20 August 2013, the company advises that the Browse Joint Venture participants have selected the use of floating LNG (FLNG) technology as the development concept to commercialise the three Browse gas fields.

Woodside To Review Alternative Browse Development Concepts
Woodside has completed its technical and commercial evaluation of the proposed Browse LNG Development near James Price Point and determined that the development concept does not meet the company’s commercial requirements for a positive final investment decision.

State Environmental Approval For Browse LNG Precinct​
Woodside, as operator of the Browse Joint Venture, welcomes the environmental approval by Western Australian Environment Minister Bill Marmion for the Western Australian Government’s proposed Browse LNG Precinct.

Ministerial Determination For Browse LNG Precinct
Woodside welcomes the determination by Western Australian Environment Minister Bill Marmion on the appeals received in response to the Environmental Protection Authority’s conditional approval for the proposed Browse LNG Precinct.