Woodside has reported progress across its major energy portfolio, with Scarborough offshore Australia 96% complete, Trion offshore Mexico 56% complete and Louisiana LNG in the United States 24% complete at the end of Q1 2026.
Scarborough remains on budget and is targeting its first LNG cargo in Q4 2026. The FPU has completed umbilical and subsea riser hook-up and moved into topside commissioning. At Pluto Train 2, construction and commissioning continued, including first ignition of an additional gas turbine generator. Two of three modules for Pluto Train 1 modifications have also arrived from Thailand ahead of the May 2026 major turnaround.
Trion remains on budget with first oil targeted in 2028. Drilling of 24 subsea wells began in March 2026, and subsea equipment installation is planned for Q3 2026. FPU hull structural fabrication has been completed, while two 6,000 t topside modules have been installed. Work also continued on the floating storage and offloading unit, including progress on the disconnectable turret mooring buoy.
Louisiana LNG remains on budget and on schedule, with first LNG targeted for 2029. Train 1 was 31% complete, while Train 2 and Train 3 were 22% and 14% complete. LNG tank construction, dredging, structural steel erection and Train 1 piping installation advanced during the quarter. Bechtel has reported no impact from the Middle East conflict on structural steel fabrication, although supply mitigation measures are being assessed.
Woodside also completed drilling and completion work for Julimar Development Phase 3, with start-up targeted for H2 2026. LNG production at Wheatstone was affected by an unplanned outage caused by Severe Tropical Cyclone Narelle, but output was partly restored and normal operations were expected by the end of April.
The company plans to decommission five Julimar Brunello exploration wells in H2 2026 as a condition for its asset swap with Chevron, which is expected to close in H2 2026. Woodside said the Middle East conflict has not disrupted trading activities and that it currently has no controlled shipping through Iranian waters or the Strait of Hormuz.
