Woodside is recognised for our world-class capabilities as an integrated upstream supplier of energy.
We led the development of the LNG industry in Australia and are applying this same pioneering spirit to solving future energy challenges
We have a focused portfolio and are recognised for our world-class capabilities as an integrated upstream supplier of energy.
We have a robust hydrocarbon business with a focus on LNG. As Australia’s leading LNG operator, we operated 6% of global LNG supply in 2020.
LNG is a lower-emissions, competitive fuel ideally suited to supporting decarbonisation and improving air quality. We are working to improve our energy efficiency, offset our emissions, reduce our emissions intensity and explore options for lower-carbon energy. We have set clear targets to reduce our net emissions in line with our aspiration to achieve net zero by 2050.
In Western Australia, we are building on more than 30 years of experience and progressing development of the Scarborough gas resource through the world-class Pluto LNG facility. We are also connecting Pluto LNG with the landmark North West Shelf Project to create an integrated LNG production hub on the Burrup Peninsula.
Offshore, we operate two floating production storage and offloading (FPSO) facilities, the Okha FPSO and Ngujima-Yin FPSO. Our operated assets are renowned for their safety, reliability, efficiency and environmental performance and we have a strong track record in project development.
We have a participating interest in Wheatstone, which started production in 2017.
Internationally, we are executing the Sangomar Field Development in Senegal having achieved final investment decision in January 2020. This development, targeting first oil in 2023, will deliver near-term production.
We are also progressing the A-6 Development in Myanmar.
We have overcome some incredible challenges to be where we are today. Now, we draw on our pioneering spirit as we embrace the opportunities ahead.
Peter Coleman, CEO and Managing Director
Technology and innovation are essential to our long-term sustainability. We are growing our carbon and new energy businesses. We use technology to reduce emissions and the carbon footprint of our products. We are pioneering remote support and the application of artificial intelligence, embedding advanced analytics across our operations.
We take a disciplined and prudent approach to capital management, ensuring we manage financial risks and maintain a resilient financial position. This allows us to maximise the value delivered from our portfolio of opportunities.
We continue to expand our capabilities in marketing, trading and shipping and have enduring relationships that span 30 years with customers throughout the Asia-Pacific region and beyond. We are committed to upholding our values of integrity, respect, discipline, excellence, working sustainably and working together.
Our success is driven by our people and we aim to attract, develop and retain a diverse, high performing workforce.
We recognise that enduring, meaningful relationships with communities are fundamental to maintaining our licence to operate. We actively seek to build relationships with stakeholders who are interested in and affected by our activities. We help create stronger communities through programs that improve knowledge, build resilience and create shared opportunities.
Our proven track record and distinctive capabilities are underpinned by more than 65 years of experience, making us a partner of choice.
Purpose, strategy, values
Our strategy is underpinned by a portfolio of world-class assets, industry-leading technology and a prudent approach to capital allocation.
Australian growth projects
We are progressing a number of new developments that will utilise our existing facilities in Australia's north-west. These opportunities will provide ongoing employment and local content opportunities for decades into the future, building on what Woodside has created over the last 40 years.
We're challenging ourselves to do better in how we operate today’s projects and develop tomorrow’s opportunities.
Technology and innovation
From the first LNG plant in the southern hemisphere, to the world’s largest not-normally crewed offshore platform, Woodside has long been a leader in applying oil and gas technologies.