Woodside opts for smaller field approach for Pluto24 February 2017
As lower LNG prices bite and Asian customers demand smaller volumes, Woodside Petroleum is looking to expand its production of the fuel by developing smaller fields. In Western Australia, this will see it adopt a ‘hub and spoke’ approach to extract maximum value from existing offshore assets at projects such as the Pluto LNG plant.
Speaking to Interfax Natural Gas Daily at the Australian Oil and Gas 2017 conference in Perth, Woodside’s Chief Operating Officer Mike Utsler said customer demand for smaller LNG volumes means the group has to adapt. “We’re in an era where we will compete for buyers,” Utsler said, noting that operational success is about “location, technology, supply chain cost and market demand”.
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