Woodside Petroleum

Woodside Petroleum’s third quarter results showcased the production success of the company’s new Pluto project. Pluto, which earned the inglorious title as the world’s most expensive LNG project, helped lift output 65% from the previous year to 26.5m barrels of oil equivalent (mmboe), generating revenue of US$1.8bn. As a result of flawless early performance, the company increased its production target for the year from 77-83mmboe to 83-86mmboe. Woodside also announced the completion of a US$2bn sell down of its stake in the Browse LNG development to a Japanese consortium. The company will book a US$974m profit on the deal,...

Woodside Petroleum’s third quarter results showcased the production success of the company’s new Pluto project. Pluto, which earned the inglorious title as the world’s most expensive LNG project, helped lift output 65% from the previous year to 26.5m barrels of oil equivalent (mmboe), generating revenue of US$1.8bn. As a result of flawless early performance, the company increased its production target for the year from 77-83mmboe to 83-86mmboe.

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