Supply & Demand

Woodside keeps 2020 target of 100 MMboe

Woodside is still targeting annual output of 100 MMboe by 2020
By Staff reporter 23 May 2018 0 30988

Woodside is still targeting annual output of 100 million barrels of oil equivalent (MMboe) by 2020, Chief Executive Peter Coleman said at an investor briefing on Wednesday.

This would be an increase of 18.5% from the Australian company’s 2017 output of 84.4 MMboe.

“Last year we outlined a roadmap for growth across three five-year time horizons. The progress we are making […] will enable us to develop [Australia’s offshore Scarborough and Browse fields] in time for the expected global LNG supply shortfall in the...