We’re a foundation participant of the North West Shelf Venture (NWSV) – currently Australia's largest resource project.
Located on the Burrup Peninsula near the Port of Dampier and the town of Karratha in Western Australia, the Venture is based on vast undersea natural gas and crude oil resources.
Collectively, the six Venture participants have invested in onshore and offshore oil and gas facilities totaling more than AU$27 billion.
Currently celebrating 25 years as Western Australia’s largest producer of domestic gas, the Venture provides about 65 percent of the State’s total production. It also accounts for more than 40 percent of Australia's oil and gas production and is a major producer of liquefied natural gas (LNG), natural gas, liquid petroleum gas (LPG), condensate and crude oil.
The Venture’s operations consist of production from five major oil and gas fields and a number of smaller fields. These include, the North Rankin, Goodwyn, Perseus, Angel and Echo Yodel natural gas fields and the Wanaea, Cossack, Lambert and Hermes crude oil fields. Venture facilities include three fixed offshore platforms; one floating production, storage and offtake vessel; and Australia's largest onshore gas processing facility, near Karratha.
The onshore gas plant consists of five LNG processing plants – or “trains” – a domestic gas plant to supply Western Australia, LPG production units as well as storage and loading facilities for LNG, LPG and condensate.
The Venture has been supplying gas for use in Western Australia since 1984 and following the start of LNG production in 1989, it has safely delivered over 2,500 LNG cargoes to customers around the world.
To service those customers, two specialist marketing agencies have been developed by the venture participants. North West Shelf Gas markets pipeline gas and administers contracts with customers in Western Australia, while North West Shelf Australia LNG markets LNG and administers contracts with customers.
The North West Shelf Shipping Services Company then provides an advisory role for the vital shipping link between the LNG production facilities and customers in the Asia-Pacific region. Providing the backbone to this service are seven Venture-owned dedicated LNG ships.
The Chevron Transport Corporation Ltd operates the largest vessel in the fleet, the Northwest Swan which started shipping LNG to Asia in 2006.
The North West Shelf Venture is a proven reliable supplier of cleaner energy to the Asia-Pacific region and is well positioned to meet global demand for LNG.