Woodside Energy Q3 2015 results

Published by Louise Mulhall, Editorial Assistant
Oilfield Technology, Thursday, 15 October 2015 09:30

Highlights

Completed capacity enhancement activities during the Pluto turnaround, resulting in current production rates exceeding the 4.3 mtpa nameplate capacity by 3%. Plant reliability continues to exceed expectations.

Completed initial resource evaluation for the Pyxis-1 gas discovery, located in Production Licence WA-34-L, resulting in an addition of 68 MMboe of net contingent recoverable resources (2C).

Completed onshore and offshore North West Shelf (NWS) maintenance turnaround activities, with system availability returned to planned levels seven days ahead of schedule.

Achieved record continuous LNG production runtime of 110 days (123 days as at 13 October and continuing) at NWS Project Karratha Gas Plant.

Entered into the front-end engineering and design (FEED) phase for the Greater Enfield Development.

Received Commonwealth environmental approval from the Department of Environment for the proposed Browse FLNG Development.

Entered into a conditional agreement to sell our interests in the Laminaria-Corallina Joint Venture.

Executed an unsecured US$1.0 billion loan facility as part of general refinancing activities. The syndicated loan facility comprises two equal tranches with terms of three and five years at interest rates of USD LIBOR plus 0.90% and USD LIBOR plus 1.15% respectively.

Adapted from a press release by Louise Mulhall

Read the article online at: https://www.oilfieldtechnology.com/product-news/15102015/woodside-energy-q3-2015/