Woodside expects production at the lower end of earlier guidance after Pluto LNG delay

Company News

by Anna Napoli

Oil and gas company Woodside (ASX:WPL) has announced its 2019 production is expected to be at the lower end of earlier guidance (88 – 94 MMboe) after delaying the restart of it Pluto LNG gas facility following maintenance.

Woodside says the mixed refrigerant compressor at the facility experienced vibration on restart.

The restart for production now targeted for the end of June 2019.

Woodside has made arrangements to meet obligations to its customers, including the purchase of third party cargoes.

Shares in Woodside (ASX:WPL) closed 1.7 per cent higher at $34.64 on Friday.
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.