Goodwyn project under way off NW Australia

This paper reports that the $2 billion (Australian) Goodwyn field development project on Australia's Northwest Shelf is under way with installation of a 17,500 metric ton steel platform jacket. Northwest Shelf project operator Woodside Petroleum Pty. Ltd. and partners are continuing with an extensive exploration program in the Northwest Shelf area. The group expects to begin soon a wide ranging 3-D seismic survey over the WA-28-P license area and the Northwest Shelf production permits. The goal is to identify new and appraise existing oil and gas prospects in the region for an exploratory drilling campaign to begin in first half 1993. Finding more gas reserves would bode well for extending existing LNG contracts with Japan or competing for new markets in Japan, South Korea, and Taiwan