Ann: Second Quarter 2022 Report, page-5

I find these comments very encouraging

“Significant progress was made on our key projects during the quarter. All major equipment items for Scarborough have been procured and construction has begun at the Pluto Train 2 site.

“First steel for Scarborough’s floating production unit topsides was cut, pipeline manufacturing is 25% progressed and the subsea trees for initial start-up of the project are all complete.

“Installation of the mooring system for the floating production, storage and offloading facility at the Sangomar field has been completed and the second drillship, the Ocean BlackHawk, commenced drilling in July.

“Following extensive discussions with potential new partners, we have decided to discontinue the sell-down of equity in Sangomar.

“In Australia, accelerated Pluto gas transported through the Pluto-Karratha Gas Plant Interconnector has resulted in additional LNG production and sales of uncontracted cargoes in a high-priced market.

“Lambert Deep, a component of the Greater Western Flank Phase 3 project, achieved ready for start-up in July,” she said.

All this is really important.
With the merger, we do not need to sell down Sangamar as WDS has much better cash flows. Win for WDS holders
The interconnector is already paying dividends
It is much harder for Woke greenies to stop projects once they have started without a large payout, so progress on Scarborough is really important.

HT1