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Woodside release Q2 report

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LNG Industry,

Woodside Petroleum Ltd. has released its Q2 report for the period ended 30 June 2018.

Woodside CEO Peter Coleman said the start-up of LNG production from Wheatstone Train 2 was the highlight of the period, which also saw another strong quarter of performance at Pluto.

“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 approximately 100 million boe in 2020.

“Pluto LNG again turned in an outstanding result for the quarter, achieving 100% reliability and an annualised production rate of 5.2 million tpy.”

“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 tpy.”

“Subsequent to the quarter alignment has been reached between the North West Shelf participants on nonbinding key commercial terms and pricing for processing third-party gas through NWS infrastructure. A preliminary tolling agreement is expected between the NWS Project participants and Browse Joint Venture in Q3 2018,” he said.

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