Markets

Woodside Petroleum To Implement Plans To Triple Reserves - Quick Facts

(RTTNews) - At the annual Investor Briefing Day, Peter Coleman, CEO of Woodside Petroleum Ltd. (WOPEF.PK, WOPEY.PK, WPL.AX) stated that the timing is right for the company to implement plans to triple its reserves and work is underway to achieve this aim. Also, the company has narrowed its 2019 production guidance to 89 to 91 MMBoe.

Peter Coleman said: ""Our recent breakthroughs on Scarborough show momentum is building towards final investment. We have unlocked huge potential for this world-class gas resource, using advanced technologies and subsurface expertise to increase the estimated resource volume by 52%."

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

    RTTNews

    Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

    Learn More