A bigger Woodside enlarged with BHP’s assets has had a record six months, but prices for its oil and gas have come off last year’s war-fuelled peaks.
Australia’s largest oil and gas company Woodside has delivered a record half-year profit $US1.74 billion , up 6 per cent from a year ago as its production was boosted by petroleum assets bought from BHP last year.
Mining heavyweight BHP sold its oil and gas assets across Australia, the Americas and North Africa to Perth-based Woodside last year as part of its push to decarbonise its operations around the world. “Production for the first half was a record at 91.3 million barrels of oil equivalent,” she said. “The Pluto LNG facility delivered an outstanding 99.9 per cent reliability rate in the five months prior to [a] planned maintenance turnaround, which was completed on schedule.”
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