Greater Sunrise gas fields

CapPro Reference: CP-07566
Sector: Gas - Upstream
Project Type: Brownfield
Project Status: Under development
Project Owner: The Ministry of Petroleum and Mineral Resources of Timor-Leste (MPRM)
Developer: Woodside Energy
Location: Asia - Timor-Leste, Timor Sea

Project Profile: The Ministry of Petroleum and Mineral Resources of Timor-Leste (MPRM) and Woodside Energy have signed a cooperation agreement to carry out studies and activities to mature a Timor-based LNG concept (TLNG). The agreement marks a significant milestone in the longstanding efforts by Timor-Leste and Woodside to unlock the value of the Greater Sunrise gas fields and reflects a renewed spirit of good-faith collaboration and commitment among the parties.

Under the Agreement, MPRM and Woodside will carry out commercial and technical maturation activities for a greenfield Timor-based approximately 5 million tonne per annum LNG concept with a domestic gas facility and a helium extraction plant. These activities will run in parallel to the ongoing negotiation of the fiscal, regulatory and legal frameworks to support the upstream development of the Greater Sunrise fields between the Sunrise Joint Venture, Timor-Leste and Australian governments. The Agreement includes a high-level plan outlining key activities required to mature and progress this opportunity, under which first LNG may be produced as early as 2032-2035, subject to concept selection and investment decisions.

Source: woodside.com