CANBERRA, Sept. 24 -- BHP Billiton Friday approved the development of the 1.5 billion U.S. dollars Macedon gas field off the coast of Exmouth in Western Australia (WA).
5 n+ v5 L2 N6 m( P4 h/ H/ ^$ c% n BHP said it expects first production from its Macedon gas development, a joint venture with Apache Northwest Pty, in 2013.$ w6 j* v9 f" R
Recoverable reserves are estimated at between 400 and 750 billion cubic feet of gas from the project.
: v6 C9 d9 D/ h% p7 r3 h* D The Macedon project involves four offshore production wells supplying a wet gas pipeline to an onshore gas treatment plant to be constructed at Ashburton North, 17 km south-west of Onslow of WA.* L6 b! Z8 N! _3 K
According to BHP, a sales gas pipeline will be connected to the Dampier to Bunbury Natural Gas Pipeline for sale to the domestic gas market in WA.
* T z, N7 ], V; F ?9 M& ~ BHP will provide 71.43 percent of the project cost, or 1.05 billion U.S. dollars, with the balance funded by joint venture partner Apache Northwest. |