Woodside’s revenue up, Wheatstone LNG train 2 nearing start-up

Woodside's revenue up, Wheatstone LNG train 2 nearing start-upWheatstone LNG Train 2 (Image courtesy of Chevron)

Australian LNG player, Woodside, saw its first-quarter production reach 22.2 mmboe with sales revenue jumping to $1.17 billion, 29.5 percent above the figures reported in the corresponding quarter in 2017. 

Quarter-on-quarter the revenue rose 18 percent, with Woodside CEO Peter Coleman saying the results were underpinned by Wheatstone LNG train 1 producing above nameplate capacity.

Speaking of the Wheatstone LNG project, Coleman said, “Train 2 at Wheatstone is close to completion and is expected to start producing LNG this quarter. Once both LNG trains and the domestic gas facility are fully operational, Wheatstone will contribute more than 13 mmboe of annual production.”

According to Woodside’s report, construction of the second liquefaction train at the Chevron-operated Wheatstone LNG project is 97 percent complete.

“All LNG Train 2 construction systems have been completed and handed over to commissioning,” the report reads.

Acid gas removal unit degreasing and main refrigerant compressor mechanical runs have been successfully completed ahead of schedule, and the key priority in preparation for start-up is the completion of final system integrity testing.

In addition to the Wheatstone LNG progress, Coleman said the company now operates both the Scarborough offshore gas resource and Pluto LNG onshore processing facility.

“It is our plan to accelerate the development of Scarborough through an expansion of Pluto LNG. Concept selections for both the offshore and onshore components of the project are targeted by the end of this year,” Coleman concluded.

Share this article

Follow LNG World News

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >