Project Profile
Value: $350 Million
Startup Year: 2014
Water Depth: 91m
Upstream Gas Reserves: 8,000 billion ft³
Location: NT/P48 permit in Timor Sea
Evans Shoal is located at Block NT/P48 in the Bonaparte basin in an area with water depths ranging from less than three feet to more than 300 feet. The field has had three wells drilled on it. The field has lain dormant because of the difficulty of developing the sour gas, and due to joint venture issues. The field contains 8 trillion cubic feet of gas but with a carbon dioxide content of 28%. Magellan Petroleum intends to use the gas as feedstock for a greenfield methanol plant, based in Middle Arm, Darwin.
The offshore facilities to tap the field will be a steel-jacket processing platform in shallow water, and a 335-km subsea pipeline.
Eni buought a 40% Stake off santos and sold 7.5% to Shell Development (Australia) Proprietary Limited (Shell) on the 29th of November 2011.
Operators:
Eni: 65% interest
Petronas Carigali (Australia) Pty Ltd: 25% interest
Osaka Gas: 10% interest
Contractors:
Wood Group: pre-FEED