Project Profile
Location: Offshore Western Australia
Reserves: 40 million barrels
Area: 45km2 (Coniston only)
Production: 18,000 bopd (Coniston only)
Start-up Year: 2014
Coniston and Novara lie in Apache\'s 46-owned WA-35-L permit off Western Australia. Oil was found in 1982 in Novara, followed by Coniston in 2000. The oil accumulation in the two fields holds 40 million barrels in estimated resources. The oil project will be developed via subsea tie-back to the Ningaloo Vision floating production, storage and offloading (FPSO) vessel in the nearby Van Gogh field. The oil production from the Coniston Oil Field offshore Western Australia has started on May 10, 2015. The Coniston Oil Field covers an area of 45km2 saddling blocks WA-35-L and WA-55-L where the water is 380m deep. The field is located 6km north of the Van Gogh Oil Field where INPEX is engaged in oil production activities. The Coniston Oil Field project is operated by Apache, which owns a participating interest of 52.501%. INPEX holds the remaining 47.499%. The partners made a final investment decision on the project in December 2011. Oil produced from the field is processed and stored at the floating production, storage and offloading (FPSO) vessel servicing the Van Gogh Oil Field. The average production rate during the first year is expected to amount to approximately 18,000 barrels of oil per day.
Operators:
Novara Field
Macquarie Capital & Brookfield Asset Management: Operator with 45.6% interest
INPEX: 41.3% interest
Woodside: 13.0% interest
Coniston Field
Quadrant Energy: Operator with 52.50% interest
INPEX: 47.49% interest
Contractors:
Erza: Subsea contract
EMAS AMC: Subsea transport and installation work
Neptune: Inspection support services contract for the the provision of qualified personnel for routine inspection services. (June, 2016)