Woodside Third Quarter Report for Period Ended 30 September 2019
Friday 18 October 2019
Performance highlights
- Delivered production of 24.9 MMboe, up 44% from the previous quarter.
- Delivered sales revenue of $1,164 million, up 58% from the previous quarter.
- Achieved 99.7% reliability at Pluto LNG with record quarterly production and daily production rates.
- First oil produced from the Greater Enfield Project.
- Executed major integrated turnarounds at the North West Shelf Project.
- Signed mid-term agreements for the supply of approximately 3.5 million tonnes of LNG in the period 2020 to 2026.
Delivering a clear plan across three horizons
- Achieved a positive final investment decision for the Pyxis Hub project.
- Signed a heads of agreement (HOA) with Uniper Global Commodities SE (Uniper) for the sale of LNG for a period of 13 years, commencing in 2021.
- Signed a non-binding letter of agreement with Korea Gas Corporation to determine the feasibility of a green hydrogen pilot project across the value chain.
- Subsequent to the period, signed a HOA with Greening Australia to undertake large-scale, native tree planting projects for carbon offset generation.