Woodside confirms positive FID for Julimar-Brunello Phase 3 development
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.
Mikaila Adams | Managing Editor - News
Mikaila Adams has 20 years of experience as an editor, most of which has been centered on the oil and gas industry. She enjoyed 12 years focused on the business/finance side of the industry as an editor for Oil & Gas Journal's sister publication, Oil & Gas Financial Journal (OGFJ). After OGFJ ceased publication in 2017, she joined Oil & Gas Journal and was named Managing Editor - News in 2019. She holds a degree from Texas Tech University.
