Woodside ticking boxes

The Pluto LNG Plant.

The Pluto LNG Plant.

Woodside Energy’s December 2017 Quarterly report was underscored by a strong operational performance at Pluto LNG and Wheatstone LNG’s first shipment.

Woodside delivered a higher quarter-on-quarter sales revenue of $939 million and a production level of 21.9 MMboe, with Pluto delivering record fourth-quarter production.

“Pluto LNG delivered excellent production on the back of outstanding facility reliability and higher operating rates,” said Woodside CEO Peter Coleman.

“Wheatstone LNG Train 1 commenced production in October, with the first cargo delivered to Japanese buyers in November.

“This was a significant achievement for the project and our attention is now focused on supporting in operator with the completion of Train 2 and the domestic gas facility, as well as optimising performance.

“Revenue for the period was up quarter-on-quarter at $939 million, reflecting stronger realised prices.

“We anticipate the stronger oil prices experienced in the fourth quarter will flow through to higher realised LNG prices in the first quarter of 2018.

“Looking ahead to 2018, we can expect a significant increase in annual LNG production and we anticipate we will be cash flow neutral at $35 a barrel.”

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