Woodside Energy announced that the Scarborough project in Western Australia is 99% complete. This project includes a floating production unit and subsea system, which is currently in the commissioning phase and preparing for the first LNG cargo loading in the fourth quarter of this year.
Details of the Scarborough Project
The Scarborough project, recognized as one of Woodside's most important projects, is currently progressing financially within the defined budget. By the end of the third quarter, all mechanical stages of the Pluto Train 2 compressors have been completed, and Scarborough gas has been transferred to the warm section of this unit (gas pre-production). The first LNG cargo loading for this project is expected to occur in the fourth quarter of 2023.
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Production and Financial Performance
In the third quarter of 2023, Woodside Energy managed to produce 46.2 million barrels of oil equivalent (MMboe), which represents a 12% increase compared to the previous quarter. The company's total annual production is expected to be between 174 and 181 million barrels of oil equivalent. This increase in production reflects improved performance across various projects of the company.
Other Woodside Projects
In the Trion project in the Gulf of Mexico, the project has reached 71% completion, with 10 out of 24 wells drilled and the first subsea tree installed. Additionally, in the Bass Strait project, five development wells of Turrum Phase 3 have been completed, and initial production is expected to commence in the first half of 2027. Woodside is also evaluating four other development wells in this area, depending on technical work and government plans.
In the Gulf of Mexico, the Atlantis project has launched its first subsea system with the start of development activities, and the Shenzi project has completed a well intervention campaign in August. As a result of these activities, production from the Sangomar project off the coast of Senegal has averaged 94,000 barrels per day.
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