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All aboard for Woodside Energy's Pluto Train 2

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Woodside Energy has reached a significant milestone in its Scarborough Energy Project with the final delivery of Pluto Train 2 modules to the Pluto LNG facility in Karratha, Western Australia. Since February 2024, 51 modules weighing 56,000 metric tonnes have been transported from Batam, Indonesia. The project, now over 75% complete, will enhance the facility's capacity by approximately 5 million tonnes of LNG per annum and supply up to 225 terajoules per day to the Western Australian market.

Construction began in August 2022, with Bechtel managing engineering, procurement, and construction. The project targets first LNG delivery in 2026 and is expected to generate over A$50 billion in tax payments while creating over 3,000 construction jobs and sustaining about 600 operational positions.

Woodside Energy ha raggiunto un traguardo significativo nel suo Scarborough Energy Project con la consegna finale dei moduli di Pluto Train 2 presso l'impianto di LNG Pluto a Karratha, Australia Occidentale. Dall'inizio di febbraio 2024, sono stati trasportati 51 moduli per un peso totale di 56.000 tonnellate metriche da Batam, Indonesia. Il progetto, ora completato per oltre il 75%, aumenterà la capacità dell'impianto di circa 5 milioni di tonnellate di LNG all'anno e fornirà fino a 225 terajoule al giorno al mercato dell'Australia Occidentale.

I lavori di costruzione sono iniziati nell'agosto 2022, con Bechtel che gestisce ingegneria, approvvigionamento e costruzione. Il progetto prevede la prima consegna di LNG nel 2026 e si prevede che genererà oltre 50 miliardi di dollari australiani in pagamenti fiscali, creando oltre 3.000 posti di lavoro nella costruzione e mantenendo circa 600 posti di lavoro operativi.

Woodside Energy ha alcanzado un hito significativo en su Scarborough Energy Project con la entrega final de los módulos de Pluto Train 2 a la instalación de LNG Pluto en Karratha, Australia Occidental. Desde febrero de 2024, se han transportado 51 módulos con un peso total de 56,000 toneladas métricas desde Batam, Indonesia. El proyecto, ahora completado en más del 75%, mejorará la capacidad de la instalación en aproximadamente 5 millones de toneladas de LNG por año y suministrará hasta 225 terajoules por día al mercado de Australia Occidental.

La construcción comenzó en agosto de 2022, con Bechtel gestionando la ingeniería, adquisición y construcción. El proyecto tiene como objetivo la primera entrega de LNG en 2026 y se espera que genere más de 50 mil millones de dólares australianos en pagos de impuestos, creando más de 3,000 empleos en construcción y manteniendo alrededor de 600 puestos de trabajo operativos.

우드사이드 에너지스카버러 에너지 프로젝트에서 마지막으로 플루토 LNG 시설에 플루토 트레인 2 모듈을 전달하며 중요한 이정표에 도달했습니다. 2024년 2월 이후로 인도네시아 바탐에서 56,000 톤을 초과하는 51개의 모듈이 운송되었습니다. 현재 75% 이상 완공된 이 프로젝트는 시설의 용량을 약 연간 500만 톤의 LNG만큼 증가시키며, 서호주 시장에 하루 최대 225 테라줄을 공급할 것입니다.

2022년 8월에 건설이 시작되었으며, 베크텔이 엔지니어링, 조달 및 건설을 관리하고 있습니다. 프로젝트는 2026년 첫 LNG 인도를 목표로 하고 있으며, 500억 호주 달러 이상의 세수 수익을 창출하고 3,000개 이상의 건설 일자리를 창출하며 약 600개의 운영 일자리를 유지할 것으로 예상되고 있습니다.

Woodside Energy a atteint une étape significative dans son Scarborough Energy Project avec la livraison finale des modules de Pluto Train 2 à l'installation de LNG Pluto à Karratha, Australie-Occidentale. Depuis février 2024, 51 modules pesant 56 000 tonnes métriques ont été transportés depuis Batam, en Indonésie. Le projet, maintenant achevé à plus de 75 %, améliorera la capacité de l'installation d'environ 5 millions de tonnes de LNG par an et fournira jusqu'à 225 terajoules par jour au marché de l'Australie-Occidentale.

La construction a commencé en août 2022, avec Bechtel gérant l'ingénierie, l'approvisionnement et la construction. Le projet vise la première livraison de LNG en 2026 et devrait générer plus de 50 milliards AUD en paiements d'impôts tout en créant plus de 3 000 emplois dans la construction et en maintenant environ 600 postes opérationnels.

Woodside Energy hat einen bedeutenden Meilenstein in seinem Scarborough Energy Project erreicht mit der letzten Lieferung der Module von Pluto Train 2 an die Pluto LNG-Anlage in Karratha, Westaustralien. Seit Februar 2024 wurden 51 Module mit einem Gesamtgewicht von 56.000 Tonnen aus Batam, Indonesien, transportiert. Das Projekt, das nun zu über 75 % abgeschlossen ist, wird die Kapazität der Anlage um etwa 5 Millionen Tonnen LNG pro Jahr erhöhen und bis zu 225 Terajoule pro Tag an den Markt in Westaustralien liefern.

Der Bau begann im August 2022, wobei Bechtel das Engineering, die Beschaffung und die Bauleitung übernimmt. Das Projekt zielt auf die erste LNG-Lieferung im Jahr 2026 ab und wird voraussichtlich Steuerzahlungen von über 50 Milliarden AUD generieren und über 3.000 Baujobs schaffen sowie etwa 600 Betriebsstellen erhalten.

Positive
  • Project is over 75% complete and on track for 2026 LNG delivery
  • Addition of 5 million tonnes annual LNG processing capacity
  • Capability to supply 225 terajoules daily to Western Australian market
  • Expected to generate A$50+ billion in direct/indirect tax payments
  • Creation of 3,000+ construction jobs and 600 operational positions
Negative
  • None.

Insights

The completion of Pluto Train 2's module delivery marks a important operational milestone in Woodside's $50 billion Scarborough Energy Project. The addition of 51 modules, totaling 56,000 metric tonnes, significantly enhances WDS's LNG processing capabilities by 5 million tonnes per annum. This expansion strategically positions Woodside to capitalize on growing Asian LNG demand while strengthening Western Australia's domestic gas supply with a capacity of 225 terajoules per day.

The project's 75% completion rate and on-schedule progress toward 2026 commissioning demonstrate strong execution capabilities. The domestic gas infrastructure component provides important supply diversification for Western Australia's energy security. Market implications are substantial - this positions WDS to capture premium Asian LNG prices while fulfilling local supply obligations, creating a balanced revenue stream.

The Scarborough project's progression represents a significant value creation catalyst for Woodside shareholders. The projected A$50 billion in tax contributions indicates robust cash flow generation potential. The employment creation of 3,000 construction jobs and 600 operational positions reflects the project's scale and economic multiplier effect.

The successful module delivery program, executed with Bechtel, demonstrates effective capital project management - critical for mega-project returns. The dual revenue streams from LNG exports and domestic gas sales provide natural hedging against market volatility. This infrastructure asset will generate stable, long-term cash flows, supporting Woodside's dividend capacity and balance sheet strength through commodity cycles.

PERTH, Australia--(BUSINESS WIRE)-- The Scarborough Energy Project has passed another significant milestone with the final Pluto Train 2 modules arriving at the Pluto LNG facility in Karratha, Western Australia.

The successful completion of the Pluto Train 2 module program advances the Scarborough Energy Project towards the targeted delivery of first LNG in 2026.

Since February 2024, a total of 51 modules, weighing a combined 56,000 metric tonnes, have been shipped to Karratha from the module yard in Batam, Indonesia, where they were built.

Expanding the Pluto LNG facility to include a second LNG processing train provides an efficient way to process gas from the offshore Scarborough field.

Once operational, Pluto Train 2 will have capacity to process approximately 5 million tonnes of LNG per annum. The expanded Pluto facility includes new domestic gas infrastructure and will have the capacity to supply up to 225 terajoules per day to the Western Australian market.

Woodside selected Bechtel to execute the engineering, procurement and construction of Pluto Train 2, with construction activities at the Karratha site commencing in August 2022.

Woodside Executive Vice President & Chief Operating Officer Australia Liz Westcott said the safe and timely arrival of all modules was a credit to both the Woodside team and lead contractor Bechtel.

“The scale of what has been delivered is an incredible achievement and reflects the team’s commitment and professionalism.

“The Scarborough Energy Project has made significant progress across multiple work fronts and is now over three quarters complete.

“The Woodside and Bechtel teams will now focus on executing the module integration and commissioning of the facility in preparation for the targeted first Scarborough LNG cargo in 2026.”

“The remarkable success of the module program exemplifies the robust relationship forged between Woodside and Bechtel on the Pluto Train 2 project,” said Bechtel Energy President Paul Marsden.

“This achievement reflects our shared vision and the unwavering dedication of our project team to cultivate a One Team culture. We look forward to continuing this collaborative spirit as we successfully deliver this project.”

The Scarborough Energy Project is expected to contribute significantly to the Australian economy, generating more than A$50 billion in direct and indirect tax payments. The Scarborough Energy Project is also expected to generate more than 3000 jobs during the construction phase and create or sustain almost 600 jobs on average during operations.1

Video footage, courtesy of Woodside and Bechtel, is available here.

About Woodside Energy

Woodside Energy is a global energy company, founded in Australia with a spirit of innovation and determination. We provide energy the world needs to heat and cool homes, keep lights on and enable industry. For 40 years, the North West Shelf has been delivering natural gas to customers in Australia and around the world.

About Bechtel

Bechtel is a trusted engineering, construction and project management partner to industry and government. Differentiated by the quality of our people and our relentless drive to deliver the most successful outcomes, we align our capabilities to our customers’ objectives to create a lasting positive impact. Since 1898, we have helped customers complete more than 25,000 projects in 160 countries on all seven continents that have created jobs, grown economies, improved the resiliency of the world’s infrastructure, increased access to energy, resources, and vital services, and made the world a safer, cleaner place.

Bechtel serves the Energy; Infrastructure; Manufacturing & Technology; Mining & Metals; and Nuclear, Security & Environmental markets. Our services span from initial planning and investment, through start-up and operations. www.bechtel.com

About Scarborough Energy Project

The Scarborough gas field is located approximately 375 km off the coast of Karratha, Western Australia. The project is currently under development and includes new offshore facilities connected by an approximately 430 km pipeline to a second LNG train (Pluto Train 2) at the existing Pluto LNG onshore facility. Woodside is operator of Pluto LNG and Pluto Train 2.

1ACIL Allen 2024

Woodside

Christine Forster

M: +61 484 112 469

E: christine.forster@woodside.com

Bechtel

Luke Miller

M: +1 571 678 9894

E: lkmiller@bechtel.com

Source: Woodside Energy Group Ltd.

FAQ

When will Woodside Energy's Pluto Train 2 (WDS) begin LNG production?

Woodside Energy's Pluto Train 2 is targeted to begin LNG production and deliver its first cargo in 2026.

What is the processing capacity of Woodside's (WDS) new Pluto Train 2?

Once operational, Pluto Train 2 will have the capacity to process approximately 5 million tonnes of LNG per annum.

How many jobs will the Scarborough Energy Project (WDS) create?

The project will create over 3,000 jobs during construction and sustain approximately 600 jobs during operations.

What is the economic impact of Woodside's (WDS) Scarborough Energy Project?

The project is expected to contribute over A$50 billion in direct and indirect tax payments to the Australian economy.

How many modules were installed for Woodside's (WDS) Pluto Train 2?

A total of 51 modules, weighing 56,000 metric tonnes combined, were shipped from Batam, Indonesia to Karratha, Australia.

Woodside Energy Group Limited American Depositary Shares, each representing one Ordinary Share

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