Shell Australia has signed an agreement with BP for the sale, subject to regulatory approvals, of Shell’s interests in the Browse offshore natural gas project, Australia's largest untapped conventional gas resource.
Browse will provide much needed energy to customers as the energy market transitions towards lower carbon energy.
Shell regularly assesses its portfolio to inform capital allocation and maximise returns and performance however, the Browse asset is no longer a strategic fit in the context of Shell’s global portfolio.Browse
Browse
Woodside, as Operator for and on behalf of the Browse Joint Venture, is proposing to develop the Brecknock, Calliance and Torosa fields located approx. 425 km north of Broome in the offshore Browse Basin.
In September 2018, the BJV selected the Browse to North West Shelf (NWS) Project development concept to progress into the concept definition phase. The proposed development concept includes: two floating production storage and offloading (FPSO) facilities delivering 11.4 Mtpa of LNG/LPG and domestic gas; and an approx. 900 km pipeline to existing NWS Project infrastructure.
The BJV is evaluating a range of options to manage greenhouse gas emissions and is progressing a feasibility assessment for a carbon capture and storage solution and opportunities to improve energy efficiency.
Source: Shell
