November North West Shelf Condensate programme released

SINGAPORE (ICIS)–Details of the November North West Shelf Condensate (NWSC) programme emerged, late on Tuesday.

Some four 650,000 bbl cargoes have been made available to equity holders which is unchanged on the previous month.

The new programme details for NWSC cargoes are shown below.

The regional condensate market was expected to be supported to some extent by strong naphtha cracks in Asia.

However, NWSC assessments may also come under downward pressure due to the upcoming 40-day turnaround from mid-November of the 100,000 bbl/day condensate splitter in Tuban East Java, Indonesia which is operated by Trans Pacific Petrochemical Indotama (TPPI). TPPI is the main buyer of North West Shelf Condensate (NWSC) cargoes.

All four of the NWSC in the October programme were understood to have been bought by TPPI.

The NWSC cargoes load from the Dampier terminal, which forms part of the North West Shelf Project.

The project comprises offshore gas, oil and condensate fields and associated production facilities located in the Carnarvon Basin in the north-west of Western Australia.

The NWS project’s offshore production facilities include the North Rankin Complex, Goodwyn A and Angel platforms.

Dry gas and condensate from fields linked to these platforms is transported onshore by pipeline to the project’s Karratha Gas Plant for processing.

The plant facilities comprise of five LNG processing trains, two domestic gas trains, six condensate stabilisation units, three LPG fractionation units as well as storage and loading facilities for LNG, LPG and condensate.

After processing, the condensate is exported from the nearby Dampier terminal.

The NWS Project is Australia’s largest oil and gas development.

Its project partners are Woodside (the operator), BHP Billiton, BP, Chevron, Shell and Japan Australia LNG (MIMI).

MIMI is a 50-50 joint venture between Mitsubishi Corporation and Mitsui.