Woodside and the North West Shelf Project 35 Years Domgas – 30 Years of LNG

Thank you ….. Ngarluma – Kerry Churnside, CEO Peter Coleman, COO Meg O’Neill, Breydon Lonnie MC

It is a pleasure to be here with you this evening to celebrate 35 years of the North West Shelf Project’s domestic gas and 30 years of LNG production.

The North West Shelf project is one of Australia’s greatest and most important developments.  It has been estimated that in a typical production year this single project boosted our national exports by around 3.5%, real GDP by 1.24% and provided employment of 80 000 jobs.

The project has powered the City of Perth since 1984 and has dispatched 5000 LNG carriers to Japan since the first sailed in 1989. And it has paid over $30 billion in State and Federal taxes and royalties.

When North Rankin A was commissioned in 1984, it was then the largest gas production platform in the world. When Goodwyn A was commissioned a decade later in early 1995, it was then the largest single offshore oil and gas investment ever made in Australia.

The six partners: BHP, BP, Chevron, MIMI (Japan Australia LNG), Shell and Woodside as operator have invested over $34 billion in dollars of the day – in 2019 currency that is well in excess of $100 billion.

And what is remarkable is that these major gas fields that feed the project - North Rankin, Goodwyn and Angel – were discovered by a small Australian company called Woodside (Lakes Entrance) Oil Co No Liability!

Registered in 1954, the company was named after the small town near the Victorian leases it owned at the time. Woodside Petroleum is now a $34 billion company with 3600 employees, sales of $5.3 billion and is the 13 th largest company on the ASX.

The north-west shelf discoveries evolved from an exploration joint venture which commenced drilling in 1967.  By 1972, Scott Reef and the major discoveries of the North Rankin, Goodwyn and Angel gas and condensate fields had been made.

These fields provided the basis of what was then the A$19 billion North West Shelf Venture, Australia's largest resource project and at the time, the largest engineering project in the world.

This is truly astounding.

Since then, the project has continued with the discovery and development of the Wanaea, Cossack, Lambert and Hermes oil fields, expansion to 5 LNG trains at the Karratha Gas Plant, two Floating Production Storage and Off-Loading facilities and the $5 billion North Rankin 2 project.

A remarkable boost to our nation’s economy.

The North West Shelf Project turned Karratha from a 1½ trick pony, to a much more diversified economy as the sophisticated engineering and downstream processing brought a new range of expertise into the region.

The Project has contributed to a wide range of community and other infrastructure including the Nickol Bay Hospital, the Walkington Theatre, the Youth Shed, the Karratha Leisureplex, the Tambrey Early Learning Centre and the Red Earth Arts Precinct. In the decade of the 1980s alone it was estimated the Project provided to our community some $72 million in dollars of the day. This is equivalent to $350 million in today’s money – and all prior to 1990.

The City of Karratha is proud of its partnership with Woodside, which has delivered both a wonderful amount of infrastructure but also a huge range of community projects and events including the FeNaClNG Festival, NAIDOC Week, the Red Earth Arts Festival and many others.

Funding for doctors and medical specialists, grants to the many sporting and community associations and its support of the Ngarluma Yindjibarndi Foundation and the Murujuga Aboriginal Corporation is greatly appreciated.

I am very pleased to say that Woodside shares the City and Council’s vision to grow Karratha and I am confident we will continue to grow together in the years ahead.

Now, as we celebrate 30 years of LNG and 35 years of Domestic Gas Production we have the sensational Scarborough and Browse projects on the drawing boards. These two huge developments plan to bring gas back to Karratha to maintain the Karratha Gas Plant and expand the Pluto LNG Project. They will provide employment across the nation and government revenue for the next 30 or more years.

This is incredibly exciting.

We are very very fortunate to have such a remarkable project in Australia – and of course, in Karratha, on our back door.

As Woodside expands and its workforce grows to cater to its expansion, more and more people will seek to come to Karratha looking for career opportunities and to embrace the enviable lifestyle on offer. This will grow our population and diversify our economy. Karratha indeed is Calling!

I would like to congratulate Woodside and its North West Shelf Project partners for an amazing 30 years of LNG export and 35 years of domestic gas production. Your contribution to our City, the State and the nation is enormous.

So, I would ask you to raise your glasses in a toast to Woodside and the North West Shelf Project and for the next 35 years of successful production!

Thank you