ASX Update 16 Oct 2019

Third Quarter 2019 Report

Strong performance at Pluto LNG.

We delivered strong results in Q3 with production of 24.9 MMboe, up 44% from the previous quarter, and sales revenue of $1,164 million, up 58% from the previous quarter.

Woodside CEO Peter Coleman said Pluto LNG had achieved record production rates, record quarterly production and 99.7% reliability following execution of the major turnaround in the previous quarter.

“We also achieved pleasing performance from the Ngujima-Yin FPSO following completion of the Greater Enfield Project, with over 2.5 million barrels of oil (100%) produced from the facility since restart. Pluto LNG and the near term growth delivered by the Greater Enfield Project will be key contributors to our 2020 production target of approximately 100 MMboe," he said.

Read the full report here.


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