Reuters is reporting that Western Gas is seeking a partner for its Equus gas project off Western Australia, and has employed Goldman Sachs to provide advice during its search.
Western Gas plans to develop the Equus field using a 2 million tpy floating LNG (FLNG) facility, rather than feeding into larger existing ones. The overall plan for the project was reportedly designed by McDermott International and Baker Hughes, and incorporates a floating production storage and offtake (FPSO) facility, with a 160 km pipeline leading to the aforementioned FLNG facility.
Western Gas aims to start production at the $3.5 billion project in 2024. In order to do so, the company will need to take a final investment decision (FID) on the project in 2020.