Woodside has released its fourth quarter report for 2025, marking strong results against its yearly production guidance.
Acting CEO Liz Westcott said the company delivered strongly against its 2025 business objectives, outperforming production guidance while advancing key growth projects.
“We achieved record annual production of 198.8 million barrels of oil equivalent in 2025. This performance was driven by sustained plateau production at Sangomar through late October and Pluto LNG operating at 100 per cent reliability for the second half of the year.
“In recent days we marked a special milestone for the Scarborough Energy Project with the safe arrival of the floating production unit at the field and commencement of hook-up activities. The project was 94 per cent complete at the end of the year and remains on budget and on target for first LNG cargo in Q4 2026.
“We also continued to progress our major development pipeline, with the three‑train foundation phase of the Louisiana LNG Project reaching 22 per cent completion at quarter‑end, targeting first LNG in 2029.
“Also during the quarter, we took a final investment decision to develop the North West Shelf Project’s Greater Western Flank Phase 4. The project extends production from the North West Shelf by around one year and delivers an internal rate of return of approximately 30.5 per cent.
“During the period we signed long term LNG sale and purchase agreements with SK Gas International and BOTAŞ, supplied from Woodside’s global portfolio including LALNG, evidencing the value customers place on our product.
“Woodside continues to execute our strategy as outlined at our recent Capital Markets Day. The executive team and I remain focused on safely delivering our operations and projects while maintaining rigorous cost management during the CEO transition period.”