Page 7 - Oil&Gas-AustralAsia-2017-Issue-12
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A USTRALIA

Woodside Starts 2017 in a Strong Position

Woodside CEO Peter Coleman said        tion completion, all modules are     Peter Coleman
the fourth quarter results for 2016    on-site and final hook-up and
highlighted excellent performance      commissioning has commenced.
by the company.                        We look forward to adding produc-
“Woodside starts 2017 in a strong      tion from Wheatstone in the middle
position. Our business margins have    of this year. Wheatstone is a key
improved through 2016 and our          component of our near-term growth
2017 budget is free cash flow neutral  strategy and will contribute more
at US$35 per barrel.2                  than 13 MMboe of annual pro-
“Production performance has            duction once both trains are fully
been outstanding, with the team        operational.
consistently delivering world-class    “We are about to start significant
operational performance. LNG pro-      appraisal work in Senegal and
duction system reliability has now     Myanmar complemented by ex-
exceeded ninety-nine per cent for a    ploration in Australia, Senegal and
second consecutive quarter.            Myanmar. In parallel, the Greater
“The Wheatstone project is ap-         Enfield project is progressing to
proaching LNG Train 1 construc-        plan, including the manufacture of
                                       subsea equipment,” he said. §

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