Woodside Downgrades 2013 Production Target
by Cheang Chee Yew
|Wednesday, July 03, 2013
Australia's Woodside Petroleum Ltd. reported a downgrade in its 2013 production target range to 85 to 89 million barrels of oil equivalent (MMboe), compared to the previous target range of 88 to 94 MMboe.
Woodside cited two principal reasons for the revision in production target.
Firstly, there has been a temporary interruption to Pluto gas production resulting from an unplanned shutdown of the LNG processing train. While production is expected to recommence shortly, the likely impact of the shutdown is a deferral of approximately 2 MMboe, which is Woodside's share of Pluto's output.
Secondly, the scheduled refurbishment of the Vincent floating production storage and offloading (FPSO) vessel will
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
More from this Author
Most Popular Articles
From the Career Center
Jobs that may interest you