Oil and Gas News

Woodside reduces 2020 expenditure


Woodside has decided to defer proposed final investment decisions (FIDs) for the Scarborough, Pluto Train 2 and Browse projects in Western Australia following the uncertain global investment environment arising from the spread of COVID-19.

In addition, the company has also decided to change its 2020 work plan, resulting in a 50 per cent reduction in its forecast expenditure for this year.

The key impacts of the company’s reduced expenditure include: changes to the planned turnaround schedule at Karratha gas plant (KGP), with the major turn around for LNG train 3 moved to September 2020 and LNG train 4 moved to August 2021. Woodside has also reduced the 2020 scope for life extension activities at KGP.

Woodside has confirmed it will continue to progress capital investment in phase one of the Sangomar field development in Senegal, Pyxis hub offshore Western Australia, and Julimar-Brunello phase two offshore Western Australia.

Following the impact of COVID-19, Woodside has reported that its highest priority is the health and safety of is people, contractors, their families and the communities in which they operate.