The joint venture is yet to obtain necessary environmental approvals from state and federal governments, and moves to acquire land needed for the LNG processing plant in the Kimberley region have met with local opposition.
Woodside and joint venture partners BHP Billiton, BP, Chevron and Shell are engaged in a major development of three gas fields in the Browse Basin, Western Australia. Orginal plans included the potential to transport and store CO2 removed from feed gas for the estimated 40-year operating life of the new Browse LNG facilities.
In August 2012, after the design and FEED stages of the project, the partners decided to postpone a final investment decision until mid-2013, which has put the Browse CO2 Sequestration Project on hold indefinitely. Evaluation studies concluded that CO2 storage was not commercially and technically viable under current conditions. The partners may reconsider if circumstances change during the lifespan of the Browse project.
In April 2013, Woodside announced that they completed its technical and commercial evaluation of the proposed Browse LNG Development near James Price Point and determined that the development concept did not meet the company’s commercial requirements for a positive final investment decision. The evaluation was completed in line with the conditions of the Browse Retention Leases.
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- Roger Martin, (Woodside, )