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

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.

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