Woodside revises estimate of remaining potential in Greater Pluto region
Nov. 5, 2021
Woodside has updated its reserves and resource estimates for the Greater Pluto fields offshore Western Australia.
(Courtesy Woodside)
Offshore staff
PERTH, Australia – Woodside has updated its reserves and resource estimates for the Greater Pluto fields offshore Western Australia.
Excluding 2021 production to date, total 1P reserves are up by around 10%, while total 2P reserves are around 10% lower.
The review follows integrated subsurface studies incorporating 4D seismic acquired in 2020 and well performance data.
Woodside employed a probabilistic method for the calculations: previously it had applied a deterministic method for the Pluto-Xena fields reserves/resources.
Woodside CEO Meg O’Neill said: “Having already produced more than 440 MMboe from the Pluto and Xena reserves since start-up in 2012, the Greater Pluto region has 2P total reserves of approximately 360 MMboe for production in the years ahead.
“We are continually reviewing and optimizing the efficient development of this long-life asset based on improved reservoir data.”
