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Project Insights

Woodside eyes solution to Greater Sunrise deadlock

The Australian company may invest only in the project's upstream, leaving East Timor to finance the building of the onshore liquefaction plant and pipelines The Australian company may invest only in the project's upstream, leaving East Timor to finance the building of the onshore liquefaction plant and pipelines.
By Damon Evans 29 October 2018 Asia Pacific / Exploration & Production 0 33086
Operations at the Bayu-Undan field. (ConocoPhillips)

Woodside Petroleum may have found a commercially viable solution to develop the Greater Sunrise fields that could resolve a deadlock with the government of East Timor.

Peter Coleman, the Australian company’s chief executive, has suggested that Woodside, which operates the fields, could invest in the upstream part of the project only. It would then leave investment in the riskier onshore East Timor LNG plant – which the Timorese government is insisting upon – to others. 

Building a pipeline from Greater Sunrise to an onshore...