Skip to main content

Woodside releases 2Q17 report

Published by
LNG Industry,

Woodside Petroleum Ltd has released its report for 2Q17, delivering sales revenue of US$867 million and production of 20.7 million Boe.

The company also reported that Pluto LNG achieved a new record in terms of daily and weekly production – 3% higher than its previous record in 3Q16 – after successfully completing a cold high rate trial. This trial demonstrated additional capacity in the LNG train and will inform decision-making on expansion options for Pluto LNG.

Woodside also reported that it entered into a long-term LNG sale and purchase agreement (SPA) with PT Pertamina (Persero) commencing in 2019 to supply up to 1.1 million tpy.

The company also claimed that commissioning of the Wheatstone LNG Train 1 is almost complete. It also noted that North West Shelf (NWS) project participants agreed a tolling proposal and have started discussions with third party resource owners for processing gas through the Karratha Gas Plant. Persephone ready for start-up is targeted for August this year, with the project expected to be delivered almost six months ahead of scheduled and at 30% below budget.

Read the article online at:

You might also like


[WEBINAR] Why Risk-Adjusted Project Forecasting Is Becoming the New Norm

This webinar will walk the audience through a methodology for developing risk-adjusted plans, leveraging remote collaboration techniques for disparate and socially distanced teams. This next-generation risk management approach is already proving itself on numerous oil and gas CAPEX projects. Find out why InEight expects the trend of risk-adjusted scheduling adoption to continue. Register for free today »


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

LNG project news