North West Shelf Oil Redevelopment

In December 2008, the Cossack Wanaea Lambert and Hermes oil venture participants (CWLH joint venture) approved funding of the A$1.8 billion CWLH Redevelopment Project. The project supports ongoing safe and reliable production from the Cossack, Wanaea, Lambert and Hermes fields beyond 2020.

In addition to the replacement of subsea infrastructure, the project includes the purchase and conversion of the Okha floating storage and offloading (FSO) facility into an FPSO facility to replace the Cossack Pioneer FPSO in 2010.