Woodside Energy has reported strong third quarter performance, with the Sangomar development extending its run.
“Woodside delivered increased quarterly production of 51 million barrels of oil equivalent,” Woodside CEO Meg O’Neill said.
“Sangomar maintained its exceptional performance, producing 99,000 barrels of oil per day at 98.2 per cent reliability. Our Australian assets also demonstrated outstanding reliability of 100 per cent at Pluto LNG and 99.9 per cent at the North West Shelf Project.
“We received final Australian Government approval during the quarter for the North West Shelf project extension, providing certainty for ongoing operations and reliable energy supply from this high-quality asset. Our agreement to assume operatorship of the Bass Strait assets further strengthens Woodside’s Australian operations portfolio and unlocks potential development of additional gas resources.
“Strong momentum on delivery of the Scarborough Energy Project continues, which is now 91 per cent complete and on track for first LNG in the second half of 2026. During the quarter, three more development wells were drilled with reservoir quality and well deliverability expectations in line with pre-drill estimates, and pre-commissioning of the subsea infrastructure was completed.
“Customer demand for Woodside’s LNG remains robust. Our fully termed sales and purchase agreement with PETRONAS will see Woodside supply one million tonnes per annum of LNG to Malaysia from 2028 for a 15-year period. Under our heads of agreement with BOTAŞ, Woodside will supply the Turkish company with approximately 0.5 million tonnes per annum of LNG over nine years from 2030, subject to entering a binding sales and purchase agreement.
“During the quarter, we signed a memorandum of understanding with Japan Suiso Energy and The Kansai Electric Power Co. to collaborate on the proposed development of a liquid hydrogen supply chain between Western Australia and Japan, centred on our proposed H2Perth Project. The Premier of Western Australia attended the signing event, highlighting the significance of this opportunity.”
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