Woodside releases its 2Q19 report

Performance highlights

• Delivered sales revenue of $738 million and production of 17.3 million boe.
• Achieved strong LNG production performance from North West Shelf.

Delivering a clear plan across three horizons

• Commenced offshore commissioning for the Greater Enfield project.
• Approved the Browse to NWS Project basis of design with the Browse Joint Venture.

Woodside CEO Peter Coleman said delivery of the Greater Enfield Project is on track following the commencement of offshore commissioning during the quarter.

“The team has done an outstanding job delivering the project, which is on schedule and budget. We restarted production from the Vincent wells in July and are working towards startup of the Greater Enfield wells within the coming weeks.

“Additionally, the Browse Joint Venture approved the basis of design for the Browse to NWS Project in May 2019, and we have recently taken further steps towards securing key regulatory and environmental approvals for both the Browse to NWS Project and the proposed Scarborough development.

“These two projects underpin our growth strategy to unlock the future value of the North West Shelf and Pluto LNG facilities, as part of our vision for the Burrup Hub.

“Production and sales revenue were lower compared with the previous quarter due to the major turnaround at Pluto LNG. We delivered strong LNG production from both North West Shelf, where we have optimised performance of the LNG trains, and Wheatstone LNG which achieved record daily LNG production. Our exploration drilling activities for 2019 are complete,” he said.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/18072019/woodside-releases-its-2q19-report/