Woodside Energy has delivered a successful fourth quarter of 2024, marked by production and development milestones.
Woodside chief executive Meg O’Neill celebrated the quarter, and said Woodside is delivering on its growth strategy while taking steps to sharpen its focus on high-value core assets.
“Our high-quality assets continued to deliver outstanding performance in the quarter, underpinned by Sangomar producing 75 thousand barrels of oil equivalent per day at 95 per cent reliability, driving record annual production of 194 million barrels of oil equivalent,” she said.
“We also saw a strong contribution from Mad Dog in the Gulf of Mexico, with a full year of Argos production at peak rates.
“At the same time, we made important progress with our growth projects.”
The Scarborough Energy project was 78 per cent complete at the end of the quarter, with the final Pluto Train 2 modules arriving at the Pluto LNG site in December.
The project remains on target for first LNG cargo in 2026.
The Trion project was 20% complete at the end of the quarter, with construction of the floating production unit commencing in November. First oil is targeted for 2028.
Continued construction of the Beaumont New Ammonia project with Phase 1 of the project on track for start up in the second half of 2025.
“Over the quarter, we continued to make major contributions to the communities where we operate, awarding our largest-ever Traditional Owner construction contract to locally based company Winyama, which will support the delivery of Scarborough,” O’Neill added.
“As we officially recognised our 70-year anniversary in 2024, we reflected on our proud history and the contributions of the determined people who built this company.
“Today, Woodside’s determination to provide energy the world needs and deliver value for our shareholders is stronger than ever. We are building on strong foundations to position Woodside for long-term success.”
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