Woodside-commissioned Deloitte study sees Browse project adding A$141 billion to GDP

• Woodside released Deloitte Access Economics modelling that estimates proposed Browse to North West Shelf project could add more than A$141 billion to national GDP under a net-zero-by-2050 pathway.
• Assessment projects more than A$56 billion in taxes, royalties, excise, including A$19.8 billion in petroleum resource rent tax.
• Peak operations seen supporting up to 4,760 direct and indirect full-time equivalent jobs, with about 80% of economic impact expected to flow to sectors outside oil and gas such as construction, services, public services.
• Western Australia gross state product uplift estimated at about A$147 billion, with additional domestic gas flagged as support for power system reliability during renewable buildout.
• Project concept targets 11.4 million tonnes per annum production capacity, with a CCS design element expected to cut 53 million tonnes CO2e versus 2019 Scope 1 estimate.

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