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The Trion project, Woodside's first oil production offshore Mexico, is set to deliver shareholder value with first oil targeted for 2028.
Trion is a greenfield development that would represent the first oil production from Mexico’s deepwater, with potential for future discoveries to be tied back to Trion facilities.
The Trion project was discovered by PEMEX (Mexico’s state-owned petroleum company) in 2012. In 2017, BHP Petroleum and PEMEX signed an agreement for the development of the Trion discovery. Following the merger with BHP Petroleum, Woodside will continue the agreement with PEMEX for field development.
Woodside has made a final investment decision to develop the large, high-quality Trion resource in Mexico. The expected returns from the development exceed Woodside’s capital allocation framework targets and deliver enduring shareholder value. First oil is targeted for 2028.
Woodside’s Trion project, the first deepwater oil development in Mexico’s history, continues to take shape with critical infrastructure construction in progress.
In shipyards in Korea and China, the two floating facilities are being built as thousands of pieces of equipment and components assembled into massive steel blocks the size of buildings, before being lifted, integrated and tested.
| Participant | Interest |
|---|---|
| Woodside (operator) | 60% |
| PEMEX Exploration & Production Mexico | 40% |
+52 55 9156 9635
Avenida Ejército Nacional Mexicano 769 Torre B, Piso 3, Col. Granada, Miguel Hidalgo
Mexico City
Mexico