Woodside upgrades proven reserves in Western Australia

Australia

PERTH, November 5, 2021 – Woodside Petroleum has announced a 10% increase in proven reserves on its Greater Pluto oilfields, the Australian E&P company announced today.

The latest 4D seismic and well performance data shows the area has proven reserves of 317 million boe, excluding production in 2021.

 

The company also downgraded its probable reserves by 10% to 394.9 million boe on the same play.

The Greater Pluto area consists of the Pluto, Xena and Pyxis fields on the WA-34-L production licence and Larsen, Martell, Martin, Noblige and Remy discoveries on the WA-404-P production licence.

Woodside Petroleum has a 90% stake in the WA-34-L block and 100% stake in the WA-404-P block.

Gas from these fields is used to feed the company’s Pluto LNG facility.