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BRIEF-Woodside Petroleum Expects Timing To Be Right For FIDS On Scarborough & Pluto Train 2 In H2 2021

Published 11/11/2020, 10:08 am
Updated 11/11/2020, 10:12 am
© Reuters.
WDS
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Nov 11 (Reuters) - Woodside Petroleum Ltd WPL.AX :

* NOW AIMING FOR REDUCTIONS OF 15% BY 2025 AND 30% BY 2030 IN CO'S NET EQUITY SCOPE 1 AND 2 EMISSIONS VERSUS 2016-2020 PERIOD

* LOOKING TO SELL DOWN EQUITY TO RIGHT PARTNER AT RIGHT PRICE OVER COURSE OF 2021 FOR SANGOMAR PROJECT

* ESTIMATE TARGETED 20% INCREASE IN SCARBOROUGH'S UPSTREAM CAPACITY CAN BE ACHIEVED AT VERY MODEST CAPEX

* EXPECT TIMING TO BE RIGHT FOR FINAL INVESTMENT DECISIONS ON SCARBOROUGH & PLUTO TRAIN 2 IN SECOND HALF OF 2021

* TARGETING ABOUT 15% REDUCTION IN NWS CASH OPERATING COST IN 2021

* TARGETING NO INCREASE IN PLUTO UNIT PRODUCTION COST IN 2021

* NARROW FULL-YEAR OUTPUT GUIDANCE TO 99 TO 101 MILLION BARRELS OF OIL EQUIVALENT

* WOODSIDE SEES 2020 TOTAL EXPENDITURE OF ABOUT $2,900 MILLION

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