The total investment for the project is approximately $1.9 billion total cost (approximately $1.1 billion Woodside share) with first oil expected in mid-2019.

Located 60 km off Exmouth in Western Australia within Commonwealth waters the project will develop the Laverda Canyon, Norton over Laverda (WA-59-L) and Cimatti (WA-28-L) oil accumulations.

These reserves will be produced via a 31 km subsea tie-back to the Ngujima-Yin floating production storage and offloading (FPSO) facility, located over the Vincent oil field.

The Greater Enfield Project requires development of six subsea production wells and six water injection wells. Production will be supported by subsea multiphase booster pumps in the Laverda area and gas lift in the Cimatti area.

The project is targeting development of gross (100%) 2P reserves of 69 MMboe (net Woodside share of 41 MMboe) from the Laverda Canyon, Norton over Laverda and Cimatti oil accumulations.

Woodside reserves will increase by 41 MMboe in conjunction with the approval of the project for development.

The Greater Enfield Project is a joint venture between Woodside Energy (Operator, 60%) and Mitsui E&P Australia (40%). ■