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Woodside releases 2Q17 report

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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.

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