Something positive for the SP, perhaps
sector from the Woodside announcement
-Key features of Woodside’s response are:•
* Implementation of strategies to reduce the risk of transmission of COVID-19 to Woodside’s people, contractors and communities and its potential impact on Woodside’s business
• Changes to Woodside’s 2020 work plan resulting in an approximately 50% reduction in forecast 2020 total expenditure
• Review of all non-committed activities supporting Woodside’s growth activities resulting in an approximately 60% reduction in Woodside’s 2020 guided investment expenditure• Deferral of targeted final investment decisions (FID) for Scarborough, Pluto Train 2 and Browse
• Continuing to progress capital investments in Sangomar Field Development Phase 1 (Sangomar),Pyxis Hub and Julimar-Brunello Phase 2• Woodside’s production guidance remains unchanged.These actions bolster the financial resilience that Woodside has developed in recent years in preparation for
WPL announce,ent
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