Friday, April 20, 2012

Woodside lifts revenue and flags Pluto debut | The Australian


Woodside lifts revenue and flags Pluto debut | The Australian:
Quarterly production was down 10 per cent to 14.1 million barrels of oil equivalent from 15.6 million after tropical cyclone activity in Western Australia shut projects including the North West Shelf LNG terminal.
The tracks of cyclones affecting inland Pilbara are similar to those affecting coastal communities of Broome, Port Hedland, Karratha/Dampier, and Onslow. These cyclones typically form over warm ocean waters to the north of the state and intensify before crossing the coast, by which stage they are moving in a general southerly track.
Pluto was most recently scheduled to ship its first LNG cargo last month, so investors were relieved Woodside maintained its 2012 production guidance of 56 million to 60 million barrels of oil equivalent, and another 17 million to 21 million BOE from Pluto. "The operations team is well into the start-up sequence with first LNG anticipated in the coming days," Woodside said. "LNG vessels are being readied to arrive at Dampier."

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