Woodside opts for smaller field approach for Pluto

By Sally Bogle 24 February 2017
  • Twitter logo
  • LinkedIn logo
  • facebook logo
  • Email logo
The Pluto LNG plant. Woodside Petroleum is consdiering supplying the plant from small offshore assets. (Woodside) The Pluto LNG plant. Woodside Petroleum is consdiering supplying the plant from small offshore assets. (Woodside)

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”.

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up