Woodside Petroleum Limited
(ASX:WPL) is unlikely to use floating liquefied natural gas technology in its development of the Sunrise gas project in the Timor Sea and is instead considering an onshore plant, according to media reports.
The East Timor government says both it and the company see the offshore option as carrying risk related to the use of commercially unproven technology.
An East Timor government spokesman told media that Woodside is considering the possibility of an onshore plant for the Sunrise project.
Woodside has previously said building an onshore plant in East Timor would cost $US5 billion more than a floating plant.
The discussion comes after Woodside shelved the James Price Point plan for Browse LNG.
Woodside Petroleum posted a net profit of $2.9 billion in its 2012 financial year.
