Woodside Energy releases Fourth Quarter 2025 Report

28 Jan Woodside Energy releases Fourth Quarter 2025 Report

(Oilandgaspress) -] Strong performance underpins a year of record production
Performance highlights

• Delivered record full-year production of 198.8 MMboe (545 Mboe/d), exceeding 2025 production guidance.
• Quarterly production of 48.9 MMboe (531 Mboe/d), down 4% from Q3 2025, driven by seasonal weather impacts and lower Australian east-coast demand.
• Delivered strong oil asset performance with 99.2% reliability at Sangomar and 98% reliability at Shenzi.
• Achieved a second consecutive quarter of 100% reliability at Pluto LNG and 99.8% reliability at the North West Shelf Project.
• Achieved an average realised quarterly price of $57/boe, down 5% from Q3 2025 reflecting lower oillinked and gas pricing.
  Project highlights
• The Scarborough Energy Project was 94% complete, and is on budget and on track for first LNG in Q4

1. The Scarborough Floating Production Unit (FPU) departed China and subsequent to the period
   arrived in Australia.

• The Beaumont New Ammonia Project achieved targeted first ammonia production in December.
• The Trion Project was 50% complete, and remains on target for first oil in 2028.
• The Louisiana LNG Project, comprising three trains, was 22% complete; Train 1 was 28% complete. The
  project is targeting first LNG in 2029.
• Approved the Greater Western Flank Phase 4 Project, a subsea tie-back investment to the existing North West Shelf Project.
• Business and portfolio highlights
• Completed the sell-down of a 10% interest in Louisiana LNG LLC (HoldCo) and an 80% interest and
  transfer of operatorship in Driftwood Pipeline LLC (PipelineCo) to Williams.
• Finalised agreements to extend gas flows from Pluto through the Pluto-KGP Interconnector until 2029.
• Entered into sale and purchase agreements with SK Gas International, BOTAŞ and subsequent to the
  period, JERA for the long-term supply of LNG.
• Appointed Liz Westcott as Acting CEO, following the resignation of Meg O’Neill.

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