Woodside Energy Group Ltd (WDS) has released an update.
Woodside Energy Group Ltd reported a 7% decrease in quarterly production and a 12% drop in revenue for Q1 2024 compared to the previous quarter. The decline was attributed to lower output at several sites, partially offset by gains at Mad Dog Phase 2. Additionally, the company is advancing major projects, including the near-complete Sangomar Project, targeting first oil by mid-2024, and the Scarborough Energy Project, poised for first LNG cargo in 2026.
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