Woodside Energy Group Ltd announced an increase in its proven and probable (2P) reserves to three billion barrels of oil equivalent (Bboe) at the end of 2025. This growth was driven by strong performance, technical updates across assets in Australia, Senegal, and the United States, and the sanctioning of new projects. The company also made a final investment decision on the Louisiana LNG project and expects its Scarborough Energy Project to start exporting LNG by late 2026, though it anticipates a production slowdown in 2026 due to project startup preparations.
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Woodside Reports Increase in Reserves
Woodside Energy Group Ltd announced an increase in its proven and probable (2P) reserves to three billion barrels of oil equivalent (Bboe) at the end of 2025. This growth was driven by strong performance, technical updates across assets in Australia, Senegal, and the United States, and the sanctioning of new projects. The company also made a final investment decision on the Louisiana LNG project and expects its Scarborough Energy Project to start exporting LNG by late 2026, though it anticipates a production slowdown in 2026 due to project startup preparations.