Woodside ends 2022 with an increase in production and a decline in sales

Later this year, Woodside was scheduled to begin producing oil from its Sangomar project, which is 77 percent complete.

“In Senegal, subsea installation and development drilling has progressed well with seven of the planned 23 wells now completed,” said O’Neill.

Woodside spent $1.77 billion on the Scarborough to Pluto gas export project in WA in 2022.

“The combined projects are now a quarter of completion and on track for the targeted first LNG cargo in 2026,” said O’Neill.

Woodside’s statement said its commitment to environmental permits for offshore construction continued without impacting the critical path.

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Woodside requires offshore environmental protection agency NOPSEMA to approve its plans for any scope of work before it can begin work in the waters off WA.

However, two recent setbacks Santos suffered at its Barossa gas project north of Darwin have shown that project progress remains at risk even after a plan has been accepted by the regulator.

Santos was forced to halt drilling last year after losing a case in federal court over whether it had properly consulted with indigenous groups.

This week, the regulator announced that construction of the pipeline had been halted just weeks ahead of schedule as Santos needed to verify that seabed sites important to the Tiwi Islands’ indigenous people would not be disturbed.