Woodside production on the up
PERTH (miningweekly.com) – ASX-listed Woodside Petroleum has reported increased production with the start of the second liquefied natural gas (LNG) train from the Chevron-operated Wheatstone operation.
Production during the three months to June reached 22-million barrels of oil equivalent, up from the 20.7-million barrels of oil equivalent produced in the previous corresponding period.
In the half-year, Woodside reported production of 44.2-million barrels of oil equivalent, up from the 42.1-million barrels of oil equivalent produced in the first half of 2017.
Woodside CEO Peter Coleman said that in addition to the start up of the second LNG train at Wheatstone, the company’s Pluto operation delivered another strong quarter performance.
“Since starting up in June, Wheatstone Train 2 has achieved high production rates, building on the continuing operational success at Train 1. Output from Wheatstone, along with oil and gas from the Greater Enfield and Greater Western Flank Phase 2 developments, will contribute to targeted production of around 100-million barrels of oil equivalent in 2020.”
Coleman noted that the Pluto LNG project delivered an outstanding result for the quarter, achieving 100% reliability and a yearly production rate of 5.2-million tonnes a year.
“For the proposed Scarborough development, Woodside has accelerated target ready for start-up to 2023 for the upstream component, and 2024 for the downstream, to maximise the market opportunity. We have also increased the design capacity of the proposed Pluto Train 2, to four- to five-million tonnes a year.”
During the quarter under review, Woodside delivered a sales revenue of over $1-billion, up from the $867.6-million reported in the previous corresponding period, as sales volumes increased from 20.3-million barrels of oil equivalent to over 21-million barrels of oil equivalent.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation