Scarborough final investment decision a vote of confidence
Minister for Resources and Water, Keith Pitt, has welcomed today’s announcement by Woodside and its joint venture partner BHP Petroleum that they are going to proceed with the development of the giant Scarborough gas field and a second LNG train at the onshore Pluto project.
“I congratulate the Scarborough Joint Venture in bringing this project to fruition that will provide a significant boost to jobs and the economy,” Minister Pitt said.
“It is a great achievement as the world emerges from COVID and the demand for our gas and resources continues to grow.
“The US$12 billion project is a real shot in the arm for the industry, for Western Australia and for the nation.
“This is a major vote of confidence in the sector and demonstrates that, despite the claims and protestations of activists, that there continues to be a bright future for our gas and oil industries.”
The Scarborough Project comprises a $5.7 billion development of the offshore gas field and associated pipeline infrastructure and $6.3 billion onshore for the new LNG train at Pluto.
“It’s estimated the project will have a peak construction workforce of over 3,000 and 600 operational jobs including 230 jobs in the heart of Pilbara at Karratha with the first LNG cargo expected in 2026,” Minister Pitt said.
“Over the life of the project, which should extend into the 2050s, it will provide a boost in Australia’s GDP by A$125 billion and generate A$33 billion in direct and indirect taxation for federal and state Governments.”
“Woodside says that Scarborough gas will provide enough energy to power the homes in 10 cities like Perth for more than 30 years” Minister Pitt said.
“This LNG will go into markets across our Asian neighbourhood, contributing to lifting millions out of energy poverty and providing jobs and opportunity for Australians and our trading partners.”
Media contact: Minister Pitt's office 02 6277 7180