Partners set to spud as Waitsia gets rolling

摘要

JOINT venture partners Mitsui and Beach Energy are progressing the US$500 million-plus full-field development of the Waitsia gas field in Western Australia and preparing to spud a significant exploration well. The Waitsia field, located in the northern Perth basin, is considered to be the largest onshore conventional gas discovery Down Under in 30 years. The field contains proven and probable gas resources of 811 peta-joules of gas (765 billion cubic feet) on a gross basis, according to an independent review by RISC. The full-field, or stage two, development was suspended last year when Mitsui was in the process of acquiring AWE.