Woodside Vitality Group Ltd’s output in 2025 exceeded steering and set an organization report however it expects a slowdown in 2026 as a result of downtime from preparations to start out up the Scarborough Vitality Challenge.
The Perth-based liquefied pure gasoline (LNG)-focused producer on Wednesday reported 198.8 million barrels of oil equal (MMboe) in manufacturing final yr, beating the corporate’s forecast of 192-197 MMboe.
“This efficiency was pushed by sustained plateau manufacturing at Sangomar [offshore Senegal] by late October and Pluto LNG working at 100% reliability for the second half of the yr”, appearing chief govt Liz Westcott mentioned within the firm’s quarterly assertion of outcomes.
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This yr Woodside expects to supply 172-186 MMboe. The projected year-on-year drop “displays deliberate downtime at Pluto as we put together the ability to start processing Scarborough gasoline and for first LNG cargo in This autumn 2026”, Westcott mentioned.
Westcott was referring to the Scarborough Vitality Challenge, which incorporates the event of the Scarborough area off the coast of Karratha, the development of a second gasoline processing prepare for Pluto LNG with a capability of 5 million metric tons every year (MMtpa) and modifications to Pluto Practice 1, in accordance with Woodside.
Woodside expects the undertaking to supply as much as eight MMtpa of LNG and provide 225 terajoules per day of gasoline to the Western Australian market.
Within the fourth quarter of 2025 Woodside produced 48.9 MMboe, down 4 % from the prior three-month interval and 5 % in opposition to This autumn 2024. This autumn 2025 manufacturing consisted of 1.71 billion cubic ft a day (Bcfd) of pure gasoline and 232,000 barrels per day (bpd) of liquids.
The lower was “pushed by seasonal climate impacts and decrease Australian east-coast demand”, Woodside mentioned. The decline additionally follows Woodside’s sale of manufacturing oil and gasoline property in Better Angostura in Trinidad and Tobago to Perenco, accomplished Q3 2025.
In This autumn 2025 Australia accounted for 32.78 MMboe of Woodside’s manufacturing, down from 34.86 MMboe in Q3 2025. Australian LNG and piped gasoline manufacturing totaled 20.06 MMboe and seven.1 MMboe respectively, each down sequentially. Australian crude and condensate manufacturing totaled 4.68 MMboe, additionally down quarter-on-quarter.
North West Shelf, one among Woodside’s three liquefaction services alongside Pluto and Wheatstone, began processing gasoline from the Waitsia Stage 2 undertaking in This autumn 2025. Woodside and its companions additionally sanctioned Better Western Flank Part 4, which targets confirmed and possible reserves of 100 MMboe, the quarterly report mentioned.
For Pluto LNG, Woodside mentioned it had finalized business and authorities agreements to increase gasoline flows by the Pluto-KGP Interconnector till 2029. “The prolonged Interconnector preparations present for the processing of roughly 2.8 million tonnes of extra LNG in combination and roughly 22.9 PJ [petajoules] of extra gasoline for the WA home gasoline market”, the quarterly report mentioned.
On the Wheatstone LNG facility, the Julimar Growth Part 3 undertaking is on observe to start out up this yr.
Woodside mentioned its asset swap with Chevron involving North West Shelf and Wheatstone, agreed 2024, is on the right track for completion within the second half of 2026.
This autumn 2025 gross sales fell 5 % quarter-on-quarter and three % year-on-year to 52.4 MMboe, consisting of 1.92 Bcfd of gasoline and 232,000 bpd of liquids.
This autumn 2025 income decreased 10 % quarter-on-quarter and 13 % year-on-year to $3.04 billion. Decrease realized costs compounded decrease manufacturing and gross sales volumes.
Westcott mentioned, “The chief staff and I stay targeted on safely delivering our operations and tasks whereas sustaining rigorous price administration through the CEO transition interval”.
Westcott took over from chief govt Meg O’Neill late final yr on a short lived foundation following the latter’s appointment as BP PLC CEO. Woodside expects to call a everlasting substitute earlier than the quarter ends.
To contact the writer, e-mail jov.onsat@rigzone.com
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