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Significant growth for Woodside

Bass Oil cash

Over the first quarter of 2024, Woodside Energy has made significant progress across three of its projects.

“Commissioning activities are now underway at the Sangomar project in Senegal, on track for first oil in the middle of this year,” Woodside Energy chief executive officer Meg O’Neill said.

“Nineteen of the 23 production wells at Sangomar have now been completed.”

In Western Australia, the company also marked a milestone with the arrival of the first modules for Pluto Train 2.

“Offshore, two flowlines were installed at the Scarborough field and drilling of the initial wells commenced,” O’Neill said.

“Overall, the Scarborough and Pluto Train 2 projects were 62 per cent complete at the end of the first quarter and we remain on target for the first LNG cargo in 2026.”

During the period, the company also completed the sale of a 10 per cent non-operated interest in the Scarborough project to LNG Japan, and entered into an agreement with JERA for the sale of a further 15.1 per cent in the joint venture.

“We are very pleased to have participants of the calibre of LNG Japan and JERA in Scarborough,” O’Neill said.

“Their support for the project demonstrates the quality of the asset and the importance of gas to Japan’s energy mix.”

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