Woodside has announced its third quarter report for period ended 30 September 2025.
Sangomar extends its run
Quarterly performance highlights
- Quarterly production of 50.8 MMboe (552 Mboe/d), up 1% from Q2 2025. Full-year 2025 production guidance has been revised to 192 – 197 MMboe.
- Continued exceptional performance from Sangomar, with 99 Mbbl/d produced (100% basis, 82 Mbbl/d Woodside share), generating $477 million revenue for the quarter.
- Achieved outstanding Pluto LNG reliability of 100% for the quarter.
- Achieved an average realised quarterly price of $60/boe, benefiting from diversified pricing and optimisation.
Project highlights
- The Scarborough Energy Project was 91% complete, and is on track for first LNG in the second half of 2026.
- The Beaumont New Ammonia Project was 97% complete, with Phase 1 targeting first ammonia production from late 2025.
- The Trion Project was 43% complete, and is targeting first oil in 2028.
- The Louisiana LNG Project, comprising three trains, was 19% complete. Train 1 was 25% complete and is targeting first LNG in 2029.
Business and portfolio highlights
- Received the final environmental approval from the Australian Government on the North West Shelf Project Extension. The approval enables continued operations beyond 2030, allowing increased resource recovery and other resource owners gas processing subject to rigorous conditions.
- Agreed to assume operatorship of the Bass Strait assets, unlocking potential development of additional gas resources, with completion targeted in 2026.
- Completed the divestment of the Greater Angostura assets, receiving cash of $259 million.(1)
- Entered into a sale and purchase agreement with PETRONAS and a heads of agreement with BOTAS for the long-term supply of LNG. (2)
Woodside CEO Meg O’Neill said the company maintained excellent operational performance over the quarter, while efficiently executing a global portfolio of growth projects to drive long-term shareholder value.
'Woodside delivered increased quarterly production of 51 million barrels of oil equivalent. Sangomar maintained its exceptional performance, producing 99 thousand barrels of oil per day at 98.2% reliability. Our Australian assets also demonstrated outstanding reliability of 100% at Pluto LNG and 99.9% at the North West Shelf Project.
'We received final Australian Government approval during the quarter for the North West Shelf Project Extension, providing certainty for ongoing operations and reliable energy supply from this high-quality asset.
'Our agreement to assume operatorship of the Bass Strait assets further strengthens Woodside’s Australian operations portfolio and unlocks potential development of additional gas resources.
'We continued safe delivery of Woodside’s major growth projects to schedule and budget.
'Strong momentum on delivery of the Scarborough Energy Project continues, which is now 91% complete and on track for first LNG in the second half of 2026. During the quarter, three more development wells were drilled with reservoir quality and well deliverability expectations in line with pre-drill estimates, and precommissioning of the subsea infrastructure was completed.
'Our Beaumont New Ammonia Project is 97% complete, with key systems now operational and commissioning activities underway. We continue to target first ammonia production in late 2025.
'Our Louisiana LNG Project, comprising three trains, has ramped up with more than 1,000 personnel now on site and construction is 19% complete. Strong support for the project from state and federal governments and the Louisiana community was in evidence at our groundbreaking ceremony in September.
'Customer demand for Woodside’s LNG remains robust. Our fully termed sales and purchase agreement with PETRONAS will see Woodside supply one million tonnes per annum of LNG to Malaysia from 2028 for a 15-year period. Under our heads of agreement with BOTAS, Woodside will supply the Turkish company with approximately 0.5 million tonnes per annum of LNG over nine years from 2030, subject to entering a binding sales and purchase agreement.
'Woodside continues to support our customers’ decarbonisation efforts. During the quarter, we signed a memorandum of understanding with Japan Suiso Energy and The Kansai Electric Power Co. to collaborate on the proposed development of a liquid hydrogen supply chain between Western Australia and Japan, centred on our proposed H2Perth Project. The Premier of Western Australia attended the signing event, highlighting the significance of this opportunity.'
Click here for full announcement
Source: woodside
