georgemiller
Publish Date: Tue, 21 Jan 2025, 23:05 PM

Jan 22 (Reuters) - Australia's Woodside Energy (WDS.AX) , opens new tab flagged an in-line output for fiscal 2025, as a now-complete ramp-up at its Sangomar facility in Senegal drove the firm to achieve a record full-year production for 2024.
Meanwhile, the country's top independent oil and gas producer reported a 3% rise in its fourth-quarter revenue of $3.47 billion, compared to the year-ago period, but saw a 6% dip from the previous quarter primarily due to lower seasonal demand at Bass Strait in Victoria, and an unplanned shutdown at Pluto LNG in Western Australia.
"We continued work on optimising facilities and maximising gas production from Bass Strait, while marking the end of 55 years of oil production," Woodside stated.
Driven by the completion of ramp-up of the Sangomar facility in Senegal, Woodside continues to expand Sangomar's market for its crude, with the grade being supplied in the U.S. for the first time in the fourth quarter.
Sangomar produced 75,000 barrels of oil equivalent per day "at 95% reliability" in the quarter, Woodside said in its statement.
The reliability of a project is a measure that helps in preventing situations for unplanned maintenance and ensures continued strong oil and gas production levels.
Woodside expects 2025 production to come between 186 million and 196 million barrels of oil equivalent (mmboe), largely in line with its 2024 production of 193.9 mmboe.
The firm produced 51.4 mmboe during the quarter, compared with 48.1 mmboe a year earlier.
Perth-based Woodside, however, flagged an increase in emissions for the year, with the statement coming around at a time when firms are in the race to transition to cleaner forms of energy.
"Whilst we are on track to meet our scope 1 and 2 net reduction targets, with the strong start-up of Sangomar, our absolute emissions did increase in 2024," Woodside Chief Executive Officer Meg O'Neill said.
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https://www.reuters.com/business/energy/australias-woodside-sees-sangomar-driving-in-line-2025-output-q4-revenue-jumps-3-2025-01-21/