Woodside Petroleum

After years of anguish and acrimony, Woodside Petroleum’s coveted Pluto project is finally producing LNG. And unlike the construction phase, production has commenced better than anyone could have anticipated. Budgeted to reach just 36% of capacity at this early stage, Pluto is currently operating at 80% of capacity. The flying start was enough to lift annual production guidance to between 77m-83m barrels of oil equivalent (mmboe). Last year Woodside produced just 64mmboe so the inclusion of Pluto is a definitive boost to output and revenue. Profits will no doubt be higher. Whether it will earn an adequate rate of...

After years of anguish and acrimony, Woodside Petroleum’s coveted Pluto project is finally producing LNG. And unlike the construction phase, production has commenced better than anyone could have anticipated.

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