March 27 (Reuters) - Woodside Petroleum Ltd WPL.AX :
* CHANGES TO WOODSIDE'S 2020 WORK PLAN RESULTING IN AN APPROXIMATELY 50% REDUCTION IN FORECAST 2020 TOTAL EXPENDITURE
* 2020 PRODUCTION GUIDANCE IS UNCHANGED AT 97 - 103 MMBOE
* REVIEW OF ALL NON-COMMITTED ACTIVITIES RESULTING IN ABOUT 60% REDUCTION IN WOODSIDE'S 2020 GUIDED INVESTMENT EXPENDITURE
* TOTAL EXPENDITURE IN 2020 IS FORECAST TO REDUCE BY ABOUT 50% TO ABOUT $2.4 BILLION
* WOODSIDE PETROLEUM LTD ANNOUNCES DEFERRAL OF TARGETED FINAL INVESTMENT DECISIONS FOR SCARBOROUGH, PLUTO TRAIN 2 AND BROWSE
* REVIEWS ALL NON-COMMITTED ACTIVITIES, RESULTING IN ABOUT 60% REDUCTION IN WOODSIDE'S 2020 GUIDED INVESTMENT EXPENDITURE
* FULL IMPACT OF LOWER OIL PRICE WILL NOT BE REALISED UNTIL LATE Q2 2020 DUE TO LAG BETWEEN OIL PRICE & REALISED LNG PRICE
* HEDGED 11.85 MILLION BARRELS OF OIL BETWEEN APRIL & DECEMBER 2020 AT AVERAGE PRICE OF $33.47 PER BARREL
* CONTINUING TO PROGRESS CAPITAL INVESTMENTS IN SANGOMAR FIELD DEVELOPMENT PHASE 1, PYXIS HUB & JULIMAR-BRUNELLO PHASE 2
* HEDGED 11.85 MILLION BARRELS OF OIL BETWEEN APRIL & DEC TO REDUCE EXPOSURE TO POTENTIAL FURTHER DOWNSIDE & INCREASE REVENUE CERTAINTY
* EMPLOYEE NUMBERS HAVE BEEN FROZEN BUT GRADUATE HIRING WILL CONTINUE
* WOODSIDE PETROLEUM LTD ANNOUNCES DELAY IN TARGET FID FOR SCARBOROUGH AND PLUTO TRAIN 2 TO 2021