Woodside Petroleum’s Pluto LNG project achieves record rates

Company News

by Jessica Amir

Woodside Petroleum (ASX:WPL) has reported second quarter sales revenue ofUS$867 million and production of 20.7 million barrels of oil equivalents (mmboe) for the group.

The petroleum explorer and producer says its Pluto LNG project achieved record daily and weekly production, which was 3 per cent up the quarter ending 30 June 2017 (compared to Q3 2016).

Woodside says it comes as the Pluto gas field, 190 kilometres off Karratha in WA, successfully completed a cold high rate trial.

The cold high rate trial demonstrated additional capacity in the LNG train, which gives the Pluto LNG project options for expansion.

Shares in Woodside Petroleum (ASX:WPL) are trading 0.5 per cent higher to $29.88.
 

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?