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Woodside registers strong results

Activity at Scarborough and Pluto Train 2 increased and the project is now almost halfway complete, as reported by Woodside Energy.

Woodside chief executive officer Meg O’Neill said the quarter-on-quarter increase in output to 47.8 million barrels of oil equivalent (MMboe) was underpinned by strong operating results at Pluto LNG.

“The 99.9 per cent reliability achieved at Pluto during the third quarter followed the completion of a maintenance turnaround in June.

“Production from North West Shelf was impacted by planned turnaround and maintenance activities in the quarter, but the facility’s reliability was still exceptional at 98.9 per cent.”

O’Neill said that Woodside’s project teams made strong progress over the course of the quarter.

“Site construction works for Pluto Train 2 are progressing and we have awarded the engineering, procurement and construction contract for the Pluto Train 1 modifications that will allow it to process Scarborough gas,” she said.

“The Federal Court’s 28 September decision that the Commonwealth Environment Plan for the Scarborough offshore seismic survey is invalid has not impacted our target for first LNG cargo in 2026.

“The decision does however highlight the urgent need for reform of Australia’s offshore approvals process.”

According to O’Neill, the importance of Scarborough to regional energy security was demonstrated in August when LNG Japan agreed to purchase a 10 per cent non-participating interest in the joint venture.

“As part of a broader strategic relationship, Woodside and LNG Japan, owned by Sumitomo Corporation and Sojitz Corporation also entered into a non-binding heads of agreement for the sale and purchase of approximately 0.9 million tonnes per annum of LNG for 10 years commencing in 2026,” she said.

“In addition, we entered into non-binding agreements with Sumitomo and Sojitz to collaborate on new energy opportunities globally.”

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