Prelude In May 2011, Royal Dutch Shell finalised its investment for the world's first
floating liquefied natural gas (FLNG) facility. Shell had explored the concept of a FLNG in
Namibia in the 1990s, but was abandoned due to unfavourable economic conditions. The initiative was relaunched in 2007 following the discovery of the offshore Prelude field located off Australia's north-west coast and was estimated to contain about of natural gas equivalent reserves. The floating vessel to be used for the Prelude field, known as
Prelude FLNG, was still being constructed in
Geoje,
South Korea in mid-June 2014. Promoted as the longest floating structure in the world, the vessel will consist of a processing structure, measuring in height from the deck, that will take in the equivalent of of oil per day in natural gas and cool it into liquefied natural gas for transport and sale in Asia. The hull of the vessel was completed in December 2013 and the Prelude was scheduled to start producing LNG in 2016—analysts estimated the total cost of construction at more than US$12 billion. In December 2018, production started at the facility. The company has a 67.5 percent hold, alongside investors
CPC Corporation, Inpex Corporation, and
Korea Gas Corporation.
Ningaloo In July 2011, the Federal Government gave approval for the company to drill an
exploration well to the west of the
Ningaloo Marine Park. The drilling operation will occur at depths of around , the deepest ever in Australian waters.
Surat In February 2019, Royal Dutch Shell was granted leases for $10 billion (AUS) towards the Surat project, which it will undergo with
PetroChina under the joint venture of Arrow Energy. In December 2017, a 27-year deal was agreed in which Arrow would sell output to the company's Queensland Curtis LNG (QCNLG) project. It will use infrastructure from the company's QCLNG project do develop the biggest coal seam gas resource in the country, which is predicted to speed up the process and reduce the environmental impact. ==Sponsorships==