Petrochemical development opportunities in Western Australia

Jul 29, 1997 02:00 AM

July 18, 1997 Woodside Petroleum Ltd will work with the Western Australia state government in evaluating petrochemical development opportunities in the Pilbara mining region in the state's north-west. Western Australia Resources Minister Colin Barnett said earlier his government would call for expressions of interest in developing a A$ 1 billion world-scale petrochemical plant to be known as the Pilbara Petrochemical Project. Woodside is the operator of the North West Shelf oil and gas project off the Western Australia coast.
Woodside's North West Shelf ventures general manager, Andrew Jamieson, said that the call for registrations of interest to establish petrochemical and natural gas-based projects was an important step in defining project requirements. Jamieson said "numerous companies" had already expressed interest. Some would be shortlisted before Woodside began more formal talks with potential project developers, he said. Jamieson said the timing of the call for registrations of interest matched the timeframe for other North West Shelf developments. It would also allow "simultaneous consideration of the requirements to provide feedstock for a petrochemical project," Jamieson said.
Barnett said significant studies had been conducted into the competitiveness of a plant in the Pilbara region and associated infrastructure requirements. He described the development of a privately-funded petrochemical plant as "the major resource development opportunity in Western Australia this decade."
The Pilbara petrochemical project would be based on ethane and/or LPG contained in natural gas coming onshore from the Northwest Shelf.

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