Woodside Energy Ltd (WDS)

[daveh]

and a couple more announcements that didn't appear as RNS's at investegate:
https://www.woodside.com/docs/default-s ... pleted.pdf

SANGOMAR FPSO CONSTRUCTION PHASE COMPLETED
Woodside Energy has passed another important milestone for the Sangomar Field Development Phase 1
with the completion of the construction phase for the floating production storage and offloading (FPSO)
facility which will be deployed at the field offshore Senegal.

https://www.woodside.com/docs/default-s ... artner.pdf

MERIDIAN’S SOUTHERN GREEN HYDROGEN PROJECT SELECTS WOODSIDE
ENERGY AS PREFERRED PARTNER
Meridian, with the support of Ngāi Tahu, have selected Woodside Energy (Woodside) as the preferred
partner to move forward to the development stage of the proposed Southern Green Hydrogen (SGH) project
in New Zealand. A final investment decision will follow the development stage.
Woodside was selected after an extensive competitive bidding process based on its capability and
experience in operations, process safety, and liquids marketing.
Meridian Chief Executive Neal Barclay said: “We’re very pleased to be partnering with Woodside which, like
us, is focussed on progressing a world-class hydrogen and ammonia facility in Southland, New Zealand, that
will provide significant benefits to the local community. In addition to its operational and marketing expertise,
Woodside has demonstrated climate change ambitions, and as we are a 100 percent renewable energy
company and committed to sustainability, that was a key focus for us in selecting a partner.”

[daveh]

and another announcement.
https://www.woodside.com/docs/default-s ... 4de47d0d_3

WOODSIDE AND NGARLUMA ABORIGINAL CORPORATION REACH AGREEMENT
FOR POWER PROJECT IN THE PILBARA
Woodside and the Ngarluma Aboriginal Corporation (NAC) have entered into a bilateral Indigenous Land
Use Agreement and a modern benefits-sharing and relationship agreement relating to lands being
investigated for the proposed Woodside Power Project (power opportunity) in the Pilbara.
The lands are within part of the Ngarluma people’s native title determined area located in Maitland, 15 km
southwest of Karratha in Western Australia. The power opportunity would pave the way for the long-term
supply of solar energy to local industrial customers.
The agreements set out a framework for the delivery of social and economic benefits to NAC and Ngarluma
people in connection with the power opportunity. These agreements also outline how Woodside and NAC
will work together to develop the power opportunity, including the management of cultural heritage. Early
engagement with NAC has ensured the project will be designed to avoid heritage impacts.

ABOUT THE POWER OPPORTUNITY
Woodside is currently investigating the supply of approximately 50 MW of solar energy from the power
opportunity to the Pluto LNG Facility, which would result in a direct reduction in Scope 1 greenhouse gas
emissions from Pluto.
The power opportunity is proposed to initially generate electricity from a large-scale solar farm,
complemented by a battery energy storage system. Woodside plans to supply this solar energy through the
Horizon Power-operated section of the North West Interconnected System (NWIS) to its customers
connected to the NWIS.

[daveh]

Problems in Australia with government intervention on gas prices:
https://www.woodside.com/docs/default-s ... d-jobs.pdf

GAS INTERVENTION THREATENS POWER SUPPLY, INVESTMENT AND JOBS
Woodside fully supports policies that aim to bring down cost of living pressures for Australian households. The
Federal Government’s broader plan to intervene in the Australian gas market will not meet this objective and
could make matters worse.
A policy of such significance, proposed without any meaningful consultation with industry, creates an
environment of uncertainty that will result in investment activity dropping across energy markets. This will make
solving the underlying structural problems in the energy market harder, not easier.
Woodside calls on the Federal Government to reconsider this unprecedented intervention and bring energy
companies, retailers, manufacturers, and infrastructure owners together to properly engage on a solution.

[daveh]

Couple of announcements from Woodside (not made as RNS's).

https://www.woodside.com/docs/default-s ... f94215ba_3

WOODSIDE ENERGY AWARDS LIQUEFACTION CONTRACT FOR H2OK
Woodside Energy has awarded a major contract to Air Liquide Engineering and Construction (Air Liquide) for
the liquefaction equipment at its proposed H2OK hydrogen project in Ardmore, Oklahoma.
In accordance with the contract, Air Liquide will provide the engineering and fabrication of two 30 tonne per
day liquefaction units which will liquefy hydrogen produced through electrolysis in preparation for storage,
loading and transportation to customers.
Woodside CEO Meg O’Neill said the contract award was a significant milestone for H2OK, for which frontend engineering design activities are targeted to be completed this year.
“We are aiming to develop our New Energy business in the United States. The signing of the contract for
liquefaction equipment is another important step forward in advancing H2OK, which would be our first
producing hydrogen facility globally.
“Our customers are increasingly seeking out low-cost, lower-carbon sources of energy, such as hydrogen
and ammonia. H2OK would produce hydrogen for use as a fuel for commercial and heavy transport,
supporting customers’ chosen decarbonisation pathways,” she said.

https://www.woodside.com/docs/default-s ... nd-nws.pdf

WESTERN GAS SIGNS AGREEMENTS WITH PLUTO LNG AND NORTH WEST SHELF
FOR EQUUS GAS PROCESSING
Woodside Burrup Pty Ltd and the North West Shelf Project participants have entered into separate nonbinding agreements with Western Gas outlining the key terms and process for undertaking joint technical
studies and negotiating and finalising fully termed agreements for the processing of 2-3 Mtpa of Equus gas
from 2027 utilising Woodside-operated infrastructure.
Woodside Energy CEO Meg O’Neill said that by leveraging existing infrastructure, Woodside would enable
Western Gas to access a competitive option to supply Asian LNG markets while providing additional
domestic gas security for Western Australia.
“This is an important step in maximising utilisation of our existing infrastructure to deliver domestic gas and
LNG to local and global customers and value for our shareholders and community. The proposed gas
processing opportunity with Western Gas for the Equus offshore resource demonstrates the flexibility
provided by the Pluto-KGP Interconnector, which commenced operations in March 2022, to optimise
available capacity at our world-class facilities.”

[daveh]

4th qtr update

https://www.investegate.co.uk/woodside- ... 00027548N/

Delivering reliable production

· Delivered record quarterly production of 51.6 MMboe (561 Mboe/day), up 0.7% from Q3 2022.

· Delivered sales volume of 52.2 MMboe, down 8.5% from Q3 2022, primarily due to reduced
third-party trades.

· Delivered revenue of $5,160 million, down 12.0% from Q3 2022, impacted by reduced trading activity and lower realised prices.

· Achieved a portfolio average realised price of $98 per barrel of oil equivalent.

· Sold 29% of produced LNG at prices linked to gas hub indices (23% full year 2022).

· Achieved record full-year 2022 production of 157.7 MMboe, outperforming the production guidance of 153 - 157 MMboe due to strong operational performance in the fourth quarter.



Executing major projects

· The Scarborough and Pluto Train 2 projects in Western Australia are now 25% complete, with manufacturing of the export trunkline 59% complete and the commencement of module construction for Pluto Train 2.

· Development drilling program progressed on Sangomar with seven of 23 wells complete. The Sangomar FPSO was successfully relocated to Singapore to complete topsides integration, pre-commissioning and commissioning activities.



Investing in growth

· Issued multiple competitive tenders for Trion to support 2023 FID readiness.

· FEED was completed at H2OK and long-lead items were ordered to support 2023 FID readiness.

· Selected as the preferred partner to progress to the next stage of the proposed Southern Green Hydrogen project in New Zealand.

Interestingly Woodside emailed me this last night, but it only appeared as an RNS this morning. Looks a decent update.

[Dod101]

4th qtr update

https://www.investegate.co.uk/woodside- ... 00027548N/


Interestingly Woodside emailed me this last night, but it only appeared as an RNS this morning. Looks a decent update.

Presumably the time difference?

Dod

[daveh]

4th qtr update

https://www.investegate.co.uk/woodside- ... 00027548N/


Interestingly Woodside emailed me this last night, but it only appeared as an RNS this morning. Looks a decent update.

Presumably the time difference?

Dod

I assume so, and as my shares are held on the London exchange I couldn't have dealt until the exchange opened this morning so it made no difference to me. I may at some time buy some more, depending on the full year report.

[daveh]

JV to undertake concept select for gas field off Timor-Leste


https://www.woodside.com/docs/default-s ... 2ef42ad9_3

SUNRISE JOINT VENTURE TO UNDERTAKE CONCEPT SELECT WITH A STRONG
FOCUS ON DELIVERY OF GAS TO TIMOR-LESTE
The Sunrise Joint Venture (SJV), comprising TIMOR GAP (56.56%), Operator Woodside Energy (33.44%),
and Osaka Gas Australia (10.00%), hereby jointly affirms its commitment to undertake a concept select
program for the development of the Greater Sunrise fields.
The SJV will consider all of the key issues for delivering the gas, for processing and LNG sales, to TimorLeste compared to delivering the gas to Australia.
The studies will incorporate and update previous work by utilising the latest technologies and cost estimates
while also considering the socio-economic, capacity building, safety, environmental, strategic and security
benefits of the various options. The studies will include evaluation of which option provides the most
meaningful benefit for the people of Timor-Leste. The SJV is aiming to complete the concept select program
expeditiously given the benefits that could flow from developing the Sunrise fields

[daveh]

Line guidance and other items ahead of full year results on 27th Feb.

https://www.investegate.co.uk/woodside- ... 00018423P/

Woodside's 2022 full-year results are scheduled for release on Monday, 27 February 2023.



This announcement contains line-item guidance and other information relevant to the 2022 full-year results, and information about future application of Woodside's depreciation policy.

[daveh]

Currency determination for the final dividend:
https://www.investegate.co.uk/woodside- ... 07048793S/

Currency                        Exchange rate    Dividend per share in local currency

AUD - Australian dollar       0.668400             2.15439856

GBP - Pound Sterling           1.185020            1.21516936

NZD - New Zealand dollar    0.612200            2.35217249

The final results were released 27th February and can be found here:

https://www.investegate.co.uk/woodside- ... 00020690R/

I think they were posted on the HYP -Practical Board at the time

[daveh]

Production starts at Mad Dog phase 2

https://www.woodside.com/docs/default-s ... art-up.pdf

MAD DOG PHASE 2 PRODUCTION START-UP
The Mad Dog Phase 2 project has commenced production from the Argos offshore facility in the deepwater
US Gulf of Mexico. Woodside holds a 23.9% non-operated participating interest in Mad Dog.
With a gross production capacity of up to 140,000 barrels of crude oil per day, Mad Dog Phase 2 is a
significant addition to Woodside’s Gulf of Mexico position and will systematically ramp up production through
2023. The new Argos platform is a semi-submersible floating production unit located approximately 10 km
southwest of the existing Mad Dog platform.

Mad Dog participants are bp (60.5%, operator), Woodside (23.9%) and Union Oil Company of California, an
affiliate of Chevron U.S.A. Inc. (15.6%)

[daveh]

National Press Association Speech " Energy Security through Energy Transition"

https://www.woodside.com/docs/default-s ... c4d72857_3

[lansdown]

First Quarter Results:-
Full report :- https://www.woodside.com/docs/default-s ... 50a4cc40_3

Main points:-

FIRST QUARTER REPORT FOR PERIOD ENDED 31 MARCH 2023
Delivering reliable production
• Delivered quarterly production of 46.8 MMboe (520 Mboe/day), down 9% from Q4 2022 due to
planned turnaround and maintenance activities. Full-year production guidance remains
unchanged.
• Delivered sales volume of 50.4 MMboe, down 4% from Q4 2022, primarily due to lower
production.
• Delivered revenue of $4,330 million, down 16% from Q4 2022, due to lower production and lower
realised prices.
• Production, sales volume and revenue increased 122%, 112% and 81% respectively from
Q1 2022, driven by the expanded operations portfolio post-merger.
• Achieved high LNG reliability of 99.9% at Pluto LNG and 98.3% at North West Shelf (NWS)
Project.
• Achieved a portfolio average realised price of $85 per barrel of oil equivalent.
• Sold 32% of produced LNG at prices linked to gas hub indices.
Executing major projects
• The Scarborough and Pluto Train 2 projects in Western Australia are now 30% complete, with
manufacturing of the export trunkline 86% complete and first concrete poured for Pluto Train 2.
• The development drilling program for Sangomar progressed, with ten of 23 wells complete. The
Sangomar floating production storage and offloading (FPSO) topsides integration and precommissioning works continued in Singapore.
• Subsequent to the period, Mad Dog Phase 2, in the Gulf of Mexico (GoM), successfully achieved
first production and will continue to ramp up through 2023.
Investing in growth
• Received competitive tenders for Trion, which are currently being evaluated in support of targeted
final investment decision (FID) readiness in 2023.
• Progressed key project activities for H2OK to support targeted FID readiness in 2023.

[daveh]

Two updates today:

https://www.woodside.com/docs/default-s ... 525b1cf9_6

WOODSIDE AND KEPPEL DATA CENTRES SIGN HEADS OF AGREEMENT FOR LIQUID HYDROGEN SUPPLY
Woodside Energy Ltd (Woodside) and Keppel Data Centres Holding Pte Ltd (Keppel Data Centres) have signed a
non-binding Heads of Agreement (HOA) to evaluate the potential supply of liquid hydrogen to Singapore from
Woodside’s portfolio of planned production facilities, including its proposed H2Perth facility in Perth, Western
Australia.
The HOA provides a pathway for the parties to jointly develop further commercial principles for key hydrogen supply
chain agreements. The HOA references the potential purchase of approximately 1000 tonnes per day of liquid
hydrogen by Keppel Data Centres as early as 2030, when the parties anticipate the associated production
technologies and shipping systems will reach maturity.

https://www.woodside.com/docs/default-s ... 4dfaaf7b_3

LONG-TERM DOMESTIC GAS SALE BETWEEN WOODSIDE AND PERDAMAN BECOMES UNCONDITIONAL
Woodside Energy Ltd (Woodside) advises that all conditions relating to its long-term gas sale and purchase
agreement (GSPA) with Perdaman Chemicals and Fertilisers Pty Ltd (Perdaman) have now been satisfied.
This follows a positive final investment decision by Perdaman on its 2.3 million tonne per annum urea plant
near Karratha in the Pilbara region of Western Australia.
Pipeline gas sold under the GSPA is for use at the plant, which will produce an important fertiliser feedstock
in support of both domestic and international agricultural users. Supply under the GSPA is for approximately
130 Terajoules per day (TJ/day) of gas over a term of 20 years, commencing upon commissioning of the
plant expected in either 2026 or 2027.
Gas will be supplied from Woodside’s portfolio and sourced primarily from the Scarborough project, which is
currently under development. Scarborough will add up to 225 TJ/day of new domestic gas supply into
Western Australia from 2026.

[daveh]

AGM statements:
https://www.woodside.com/docs/default-s ... 27271b48_3

Chair Richard Goyder
Good morning. My name is Richard Goyder and, as Woodside’s Chair, I would like to thank
shareholders, Woodside staff and guests for attending today’s meeting, both in person and on-line.
Before we commence, please take a few seconds to familiarise yourselves with the evacuation
procedures shown on the screen above which would apply in the unlikely event of an emergency.
Following Woodside’s merger last year with BHP’s petroleum business, we have evolved into a truly
global company. But our headquarters remain right here in Perth, on Whadjuk Noongar country.
With this in mind, I would like to acknowledge the Whadjuk people of the Noongar nation as the
traditional owners of the land on which we meet today, and pay my respects to Elders past, present
and emerging. I recognise their continuing connection to culture and contribution to this city that
Woodside is proud to call its home.
The invaluable contribution made by the Noongar people in this region of WA, conserving and caring
for the land on which we live and work each day, is something I am personally thankful for, having
grown up on Noongar country in the small towns of Tambellup and Broomehill.
I also recognise the many traditional custodians that protect and preserve the rich cultural heritage
in areas where Woodside’s operations are located - particularly the Ngarda-Ngarli people as the
collective custodians of Murujuga, where Woodside has operated for almost 40 years.

CEO and Managing Director Meg O’Neill
Thank you Richard. And thank you to our shareholders for attending in person and on-line this
morning.
It is a pleasure to update you on another successful year for Woodside in which we completed our
transformational merger with BHP's petroleum business, delivered record profit and production from
our quality global portfolio, further strengthened our balance sheet, and made good progress on our
major growth projects.
Following the overwhelming shareholder support for the merger at last year’s Annual General
Meeting, we worked hard to complete the merger on 1 June and quickly brought the best of the two
businesses together. We put in place our new leadership team, refreshed our culture and re-designed the organisation to operate more efficiently as a global business across multiple time
zones. We also listed on the London and New York stock exchanges, increasing our access to global
capital markets. Almost one year later, we have evolved into a truly global company with a very
strong future ahead.
I’m very proud of our teams who were able to implement this significant change while maintaining
excellent financial and operational discipline. Beyond the impressive headline profit numbers, we
delivered strong financial returns across the board. Operating revenue increased 142 percent to
$16.8 billion, free cash flow increased more than six-fold to $6.5 billion, and we maintained low levels
of net debt and gearing well below our target range. We also achieved the goals we set ourselves
ahead of the merger, delivering initiatives expected to realise over $400 million per year of post-merger synergies.

[daveh]

Investment approved for Trion Development:

https://www.investegate.co.uk/announcem ... t-/7583038

Woodside has made a final investment decision to develop the large, high-quality Trion resource in Mexico. The expected returns from the development exceed Woodside's capital allocation framework targets and deliver enduring shareholder value. First oil is targeted for 2028.



The development is subject to joint venture approval and regulatory approval of the field development plan (FDP), expected in the fourth quarter of 2023. Woodside is operator with a 60% participating interest and PEMEX Exploración y Producción (PEMEX) holds the remaining 40%.

[daveh]

Delay in Sangomar project:
https://www.investegate.co.uk/announcem ... te/7638151

SANGOMAR PROJECT UPDATE



Woodside performed a cost and schedule review of the Sangomar Field Development Phase 1 following the identification of remedial work required on the floating production storage and offloading (FPSO) facility.



First oil is now targeted for mid-2024 and the total project cost is expected to be US$4.9 - 5.2 billion, an increase of 7-13% from the previous cost estimate of $4.6 billion.



At 30 June 2023, the overall project was 88% complete. The subsea installation campaign was 76% complete, with the subsea work scope 95% complete. The development drilling program continues with 12 of 23 wells drilled and completed. The Ocean BlackHawk drillship successfully completed its work scope in July and the remaining drilling activity will be completed by the Ocean BlackRhino. Well results to date have confirmed the quality of the resource.

[daveh]

2nd qtr production report:
https://www.investegate.co.uk/announcem ... rt/7640752

Delivering reliable production

· Delivered quarterly production of 44.5 MMboe (489 Mboe/day), down 5% from Q1 2023 due to planned turnaround and maintenance activities. Full-year production guidance remains unchanged at 180-190 MMboe.

· Delivered sales volume of 48.4 MMboe, down 4% from Q1 2023, primarily due to lower production.

· Delivered revenue of $3,084 million, down 29% from Q1 2023, due to lower realised prices and lower production.

· Achieved a portfolio average realised price of $63/boe.

· Sold 31% of produced LNG at prices linked to gas hub indices.



Executing major projects

· Mad Dog Phase 2 successfully achieved first production at the Argos platform in April 2023, increasing production in the US Gulf of Mexico.

· The Scarborough development was 38% complete at the end of the period, with manufacturing of the export trunkline complete and Pluto Train 2 module fabrication ramping up.

· The Sangomar project was 88% complete at the end of the period, with 12 of 23 wells drilled and completed. The floating production storage and offloading (FPSO) topsides integration and pre-commissioning works continued in Singapore.

· The Sangomar project is now targeting first oil in mid-2024 and the total cost of the project is expected to be US$4.9-5.2 billion, an increase of 7-13% from the previous cost estimate of US$4.6 billion.



Investing in growth

· Approved a final investment decision to develop the Trion resource in Mexico, with the development remaining subject to regulatory approval of the field development plan (FDP).

· Made a final investment decision on the Julimar-Brunello Phase 3 project.

· Progressed contracting activities for the plant construction scope and schedule-critical packages for H2OK.

[daveh]

Woodside sell 10% interest in Scarborough to LNG Japan:

WOODSIDE TO SELL 10% SCARBOROUGH INTEREST TO LNG JAPAN



Woodside has established a strategic relationship with LNG Japan which involves three elements: equity in the Scarborough Joint Venture, potential LNG offtake and collaboration on opportunities in new energy.

Woodside has entered into a sale and purchase agreement with LJ Scarborough Pty Ltd (LNG Japan) for the sale of a 10% non-operating participating interest in the Scarborough Joint Venture (the Transaction).[1]

The purchase price is US$500 million, subject to adjustments. LNG Japan will reimburse Woodside for its share of expenditure for the Scarborough project from the Transaction effective date of 1 January 2022. On completion of the Transaction, expected in the first quarter of 2024, the estimated total consideration comprising the purchase price, reimbursed expenditure and escalation is approximately US$880 million.

Completion of the Transaction is subject to conditions precedent including Foreign Investment Review Board approval, National Offshore Petroleum Titles Administrator approvals and Western Australian Government approvals.

As part of the broader strategic relationship, Woodside and LNG Japan Corporation have entered into a non-binding heads of agreement for the sale and purchase of 12 LNG cargoes per year (approximately 0.9 million tonnes per annum) for 10 years commencing in 2026.

[monabri]

dividend of 80 US cents.

https://www.dividenddata.co.uk/ex-divid ... chTerm=wds

XD=31 Aug 23
Pay = 28 Sep 23

(Information on the dividend from 'dividend data')