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BRIEF-Woodside Petroleum Qtrly Production 24.9 MMBOE

Published 17/10/2019, 08:25 am
BRIEF-Woodside Petroleum Qtrly Production 24.9 MMBOE
WDS
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Oct 17 (Reuters) - Woodside Petroleum Ltd WPL.AX :

* QTRLY PRODUCTION OF 24.9 MMBOE, UP 44% FROM PREVIOUS QUARTER

* QTRLY SALES REVENUE OF $1,164 MILLION, UP 58% FROM PREVIOUS QUARTER

* TECHNICAL WORK FOR SCARBOROUGH CONTINUES AS PLANNED IN SUPPORT OF FID TARGETED FOR H1 2020

* IN SNE FIELD DEVELOPMENT PHASE 1, INTERNAL TECHNICAL, COST, SCHEDULE ASSURANCE CURRENTLY UNDERWAY AHEAD OF TARGETED FID IN 2019

* QTRLY SALES VOLUME 23.3 MMBOE VERSUS 21 MMBOE

* DURING QUARTER, ACHIEVED 99.7% RELIABILITY AT PLUTO LNG WITH RECORD QUARTERLY PRODUCTION AND DAILY PRODUCTION RATES

* ON SCARBROUGH, PROGRESSING NEGOTIATION FOR BROWSE GAS PROCESSING AGREEMENT & BROWSE JV REMAIN ALIGNED ON BEING READY TO BEFIN FEED IN Q4 2019

* FULL-YEAR TOTAL DEPRECIATION AND AMORTISATION GUIDANCE $1,650 - 1,800 MILLION

* FOR SCARBOROUGH AND PLUTO TRAIN 2, TOLLING AGREEMENT NEGOTIATIONS ARE ACTIVELY PROGRESSING

* HAVE TAKEN A FINAL INVESTMENT DECISION FOR THE PYXIS HUB PROJECT

* PRELIMINARY RESULTS OF GEOPHYSICAL STUDY OF SCARBOROUGH INDICATE A MATERIAL INCREASE IN GAS VOLUME Source Text https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02159983 Further company coverage: WPL.AX

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