FUGRO-TSM Pty Ltd, has been awarded the Greater Western Flank (GWF) Phase 1 Project Subsea Installation Contract from Woodside Energy Limited.
The contract value is in excess of AUD 100 million, with engineering and design work for the project beginning immediately, leading to a peak in offshore installation in early 2014 using the dynamically positioned multi-role vessel, the Southern Ocean.
On 8 December 2011, Woodside, as Operator of the North West Shelf Project, announced the North West Shelf Project participants had approved the development of the first phase of the Greater Western Flank Project off the north-west coast of Australia.
The GWF Phase 1 Project will develop the Goodwyn GH and Tidepole fields, via a subsea tie-back to the existing GWA platform and represents the next major development for the North West Shelf Project.
The total investment for the GWF Phase 1 Project is about A$2.5 billion (Operator’s estimate; 100%cost) with project start-up expected early 2016.
[mappress] Offshore Energy Today Staff, January 6, 2012; Image: Fugro