Australia’s leading independent energy producer Woodside Energy has increased its full-year production guidance despite reporting lower third-quarter revenue. The company cited exceptional performance at key projects including Sangomar and Pluto LNG facilities as driving the optimistic output forecast.
Production Forecast Revised Upward
Woodside Energy Group Ltd, Australia’s largest independent energy company, has reportedly raised its production forecast for fiscal year 2025, according to recent financial disclosures. Sources indicate the company now expects to produce between 192 million and 197 million barrels of oil equivalent (mmboe), representing an increase from its previous guidance range of 188 to 195 mmboe.