Woodside Energy Group (AU:WDS) has released an update.
Woodside Energy Group has commenced production at the Sangomar field, Senegal’s first offshore oil project, with the facility expected to produce 100,000 barrels per day. The project’s Phase 1 is on budget, costing between $4.9 and $5.2 billion, and is set to progressively increase production through 2024. This milestone is celebrated as a significant boost for Senegal’s economy and marks Woodside’s strategic delivery amidst global challenges.
For further insights into AU:WDS stock, check out TipRanks’ Stock Analysis page.