Woodside Petroleum Ltd. said the Greater Enfield Project offshore Western Australia on Aug. 25 produced first oil through the Ngujima-Yin floating production storage and offloading, or FPSO, vessel, according to an Aug. 26 filing with the Australian Securities Exchange.
Woodside's CEO Peter Coleman said first oil was produced on schedule and under the project's budgeted cost.
Approved in 2016, the Greater Enfield project is meant to develop the Laverda Canyon, Norton over Laverda and Cimatti oil accumulations using a subsea tie-back to the Ngujima-Yin FPSO. A total of US$1.9 billion was invested in the project.
The project is a joint venture between Woodside Energy Ltd., which operates it with a 60% stake, and Mitsui & Co. Ltd. unit Mitsui E&P Australia Pty Ltd, which holds the remaining 40% interest.
