By David Winning
SYDNEY--Woodside Energy said it expects to produce between 186 million and 196 million barrels of oil equivalent this year as it continues to advance talks to sell down part of its interest in the Louisiana LNG project in the U.S.
Woodside's annual production guidance represents a 1.5% fall on 2024 output at the midpoint of the range. The Perth-based company produced a record 193.9 million BOE last year, up 4% on 2023, as it ramped up the Sangomar oil project in Senegal.
Sales revenue of US$13.15 billion last year was down 6% on 2023, reflecting a 7% drop in the average price fetched for Woodside's oil and natural gas.
Woodside said Sangomar's performance in the October-December period was outstanding. Production from the development averaged 75,000 BOE per day.
"We also saw a strong contribution from Mad Dog in the Gulf of Mexico, with a full year of Argos production at peak rates," Chief Executive Meg O'Neill said.
Write to David Winning at david.winning@wsj.com
(END) Dow Jones Newswires
01-21-25 1736ET