First LNG from the Chevron Australia-operated project was originally anticipated to be in late 2016.
Woodside advised that impairments foreshadowed in the company’s fourth quarter report released on 21 January 2016 took into account the potential for this revised schedule for the Wheatstone onshore plant.
The Julimar Project, which will supply gas to the Wheatstone onshore plant, remains on schedule and on budget. Woodside has a 65 per cent equity interest in the Julimar Project and is operator of the development.
Delivery commitments under the applicable LNG Sales Agreements can be met under the revised schedule.
The Wheatstone Project comprises the Wheatstone and Iago fields, an offshore platform, a pipeline to shore and the onshore plant located near Onslow, in Western Australia’s Pilbara region.
The onshore plant includes a two-train 8.9 MMt/a (1.16 MMt/a Woodside share) LNG development and a 200 TJ/day domestic gas plant. LNG and condensate will be exported and domestic gas will be transported via pipeline to the Dampier Bunbury Natural Gas Pipeline.
The Wheatstone Project is a joint venture between Australian subsidiaries of Chevron (64.14 percent), Kuwait Foreign Petroleum Exploration Company (KUFPEC) (13.4 percent), Woodside Petroleum Limited (13 percent), and Kyushu Electric Power Company (1.46 percent), together with PE Wheatstone Pty Ltd, part owned by TEPCO (8 percent).