A joint venture between ConocoPhillips, South Korea's SK E&S, and Australia's Santos Limited has received regulatory approval to develop the Barossa gas-condensate field. The project will include a permanently moored floating production, storage, and offtake facility as well as a subsea gas export pipeline. This infrastructure will be connected to the existing Bayu-Undan field which supplies ConocoPhillips' LNG plant at Wickham Point. Ultimately, Barossa gas will take over the feed to Wickham Point as the Bayu-Undan field is depleted over the next decade.
Australia's National Offshore Petroleum and Environmental Management Authority (NOPSEMA) has permitted ConocoPhillips, the project's operator, to begin work on an environmental submission for the Barossa project. The project has a project onstream date of 2023 and an estimated life of 25 years.
The Barossa field was discovered in November 2006 and lies over 1000 feet of water. ConocoPhillips has 37.5% of the project, SK E&S also has 37.5%, while Santos Limited holds the remaining 25%.