In Resources

Western Australia Premier Colin Barnett

James Price Point Decision Brings Social And Economic Benefits Closer

Victor P Taffa

The social and economic benefits from the development of a gas processing precinct at James Price Point are closer to being realised with Woodside Energy Ltd (operator), BHP Billiton (North West Shelf) Pty Ltd, BP Developments Australia Pty Ltd, Chevron Australia Pty Ltd and Shell Development Australia Pty Ltd’s announcement that they have selected the Government’s preferred site.

Western Australia Premier Colin Barnett welcomed the decision as an important step in the State’s growth and its positioning as a major supplier on the world LNG market.

“While the nuts and bolts of this project is the development of an LNG precinct, real benefits will also flow to Aboriginal people in the area, who have overwhelmingly welcomed this development, seeing it as key to their future prosperity and self determination.” Premier Barnett said.

“The project will create thousands of jobs and position Western Australia as a world leader in the supply of clean, high-quality LNG. WA will help developing countries deliver environmentally clean energy.”

 

“The Liberal National Government has worked tirelessly with the Kimberley Land Council (representing Traditional Owners), proponents and the Federal Government in the past 17 months to make this project a reality after it had foundered for many years.”

“While there is some way yet to go with the project, today’s decision is very good news for everyone involved and points the way to a positive future for Aboriginal people in the Kimberley, the broader community and the State’s future prosperity.” Premier Barnett said.

Negotiations on an Indigenous Land Use Agreement are continuing with the Kimberley Land Council, representing the Traditional Owners, to be registered this year.

The State Government and proponents are also working towards completing the environmental approvals processes by late 2010.

The next phase of the physical development would be Basis of Design, followed by Front End Engineering and Design in 2011 to enable a final investment decision by mid-2012.

A final investment decision for the development would be subject to necessary approvals and consents.

The Browse Basin has proven reserves of 30.4 Trillion cubic feet of gas (Tcf) and 600 Million barrels of condensate.

Gas reserves are estimated at 60 Tcf, making the area comparable to the North West Shelf in terms of prospectivity.

TIMELINE:

OCTOBER 15, 2008

The Liberal-National Government outlined a shortlist of sites for the gas precinct, forging ahead with the project that had languished under the previous government and, as a result, contributed to WA losing the $15 Billion INPEX project. State Government short lists four potential sites for LNG precinct. Site information released for public comment.

DECEMBER 22, 2008

After consultation, James Price Point, 60 km north of Broome, is selected by Government as the precinct site. Since 2007 more than 40 possible Kimberley sites were considered for LNG processing.

APRIL 15, 2009

Broad agreement reached with KLC and Woodside on the precinct at James Price Point. Traditional Owners vote to endorse the project.

APRIL 27, 2009

Broad agreement for the precinct development signed on site with the Premier, Woodside represented by Don Voelte, and Traditional Owners represented by the Kimberley Land Council’s Wayne Bergmann.

AUGUST 12, 2009

Release of Social Impact Assessment Scope and Profile report.

OCTOBER 3, 2009

Preliminary development agreement reached between Government and Woodside to accelerate key studies and plan for gas at JPP.

DECEMBER 4, 2009

Final site just south of James Price Point selected for the 25 sq km Browse LNG processing precinct. The site is within the 258.2 sq km land area called 8589, running from Coulomb Point to Quandong Point, throughout which environmental and heritage studies were conducted to identify the best location.

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