Insight
Australia's North West Shelf LNG: the clock is ticking for backfill
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Australia's North West Shelf has been producing LNG since 1989. The LNG plant has production capacity available from next year. By 2027, this could increase to 7 mmtpa of spare capacity. The plant’s partners are looking for a third-party supply source to maintain production at full capacity. We see two windows of opportunity for upstream projects. The first is near-term ullage that can be utilised by a small upstream development and the second is a large resource that can extend the life of the plant. In our insight we consider what projects and companies will take advantage of the NWS spare capacity.
Table of contents
- Executive Summary
- A commercially complex project requires backfill
- The value proposition: the rationale for keeping the NWS full
- The opportunity: who can take advantage and when?
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How will it play out?
- Opportunity 1: small scale developments (2022-2027)
- Opportunity 2: large scale developments (post-2025)
- Scarborough – the upstream supply for Pluto expansion or NWS backfill?
- Scarborough to NWS vs Pluto: how do the projects compare?
- Browse: the leading NWS backfill project
- M&A – collaboration in Australia’s oil and gas sector
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Appendix
- Appendix 1 - economic assumptions and results
Tables and charts
This report includes the following images and tables:
- NWS operating cost per BOE, assuming no backfill
- Possible NWS LNG train shutdown schedule
- Windows of opportunity: NWS production profile
- Carnarvon basin
- NWS LNG production profile Woodside share
- Woodside share including Chevron interest
What's included
This report contains:
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