Woodside, as a participant in the Browse FLNG Development, advises that agreement has been reached to enter the front-end engineering and design (FEED) phase for the proposed development.
The FEED phase involves undertaking the activities required to finalise the costs and technical definition for the proposed development to enable a final investment decision (FID). It includes determining a range of details related to the commercialisation, timing and sequencing of FLNG deployment.
Woodside CEO Peter Coleman said the decision to enter the FEED phase on Browse was a significant step towards developing the world class Browse resources.
'We are excited to be moving into the next phase of the Browse FLNG Development using FLNG technology. In particular, we acknowledge the support of key government stakeholders and especially commend the current and previous Ministers responsible for resources for their consistent, clear and long-term approach to oil and gas development.