Australian pretoleum exploration and manufacturing firm Woodside Power Group Ltd. has reported a slip in quarterly income and manufacturing amid a seasonal demand drop. The corporate mentioned in its quarterly report that its This fall income landed at $3.47 billion, 6 % beneath the earlier quarter.
The corporate mentioned its quarterly manufacturing reached 51.4 million barrels of oil equal (mmboe), 3 % beneath Q3. Woodside attributed the lower to decrease seasonal demand at Bass Strait and an unplanned shutdown at Pluto.
The drop was partly offset by “excellent manufacturing” from Sangomar, the corporate mentioned. Sangomar produced 75,000 boe per day in the course of the quarter, driving annual manufacturing to file ranges.
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“Our high-quality belongings continued to ship excellent efficiency within the quarter, underpinned by Sangomar producing 75 thousand barrels of oil equal per day at 95 % reliability, driving file annual manufacturing of 194 million barrels of oil equal. We additionally noticed a powerful contribution from Mad Canine within the Gulf of Mexico, with a full yr of Argos manufacturing at peak charges”, Meg O’Neill, Woodside CEO, mentioned.
“On the similar time, we made necessary progress with our development tasks, together with the arrival of the ultimate Pluto Prepare 2 modules for our Scarborough Power Challenge, which stays on observe for first LNG in 2026. We had been additionally happy to welcome JERA, one other strategic accomplice, into the Scarborough Joint Enterprise”, O’Neill mentioned.
The corporate mentioned that the Scarborough Power challenge was 78 % full on the finish of the quarter.
Woodside mentioned its Trion challenge was 20 % full on the finish of the quarter, with building of the floating manufacturing unit commencing in November. First oil is focused for 2028.
The Beaumont New Ammonia challenge is progressing as properly with Part 1 on observe to start out up within the second half of 2025, the corporate mentioned.
To contact the writer, e-mail andreson.n.paul@gmail.com
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