Woodside Boasts of Reserves, Louisiana LNG

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Written by Daniel Graeber for IIR Energy Intelligence (Sugar Land, Texas)

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Summary

Woodside says its proved reserves can last nearly 9 years. The Australian energy giant said reserves were boosted by operations at home, in Senegal and in the United States.

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Nine Years of Reserves at 2025 Production Rate

With facilities in the Americas and at home, Australian energy company Woodside Energy Group Limited said its proved reserves could last nearly 9 years at last year's production rate.

Woodside said its proved reserves increased by 134.1 million barrels of oil equivalent (Boe), while proved-plus-probable reserves increased by 141 million Boe. That means the life of its proved reserves have a lifespan of 8.9 years, while proved-plus-probable reserves can last 14.2 years at 2025 production levels.

The company said much of that came from Australia, Senegal and the United States.

"These results, combined with our final investment decision on Louisiana LNG, underpin our ability to deliver sustained cash flow and long-term value for shareholders while progressing projects that meet growing energy demand," said Liz Westcott, the company's acting chief executive officer.

In the U.S. market, Woodside said a final investment decision on waterflooding at the BP-led Atlantis platform off the U.S. Gulf Coast added 15,000 barrels of oil equivalent per day (Boe/d) to its production average. The field was discovered in 1998, and the Atlantis platform is one of BP's long-serving facilities in the U.S. Gulf.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Database can learn more about Atlantis--including capacities, investment values and necessary equipment--here and here.

At home, Woodside highlighted progress at its Pluto facility for liquefied natural gas (LNG). The facility can churn out around 4.3 million metric tons per annum (MTPA) of LNG, and it could be expanded to 5 MTPA. That would make it one of the larger facilities of its kind in the world, and close to rivalling the Sabine Pass facility in the United States, with a current design capacity of 6 MTPA.

Subscribers have access to project reports for Sabine Pass and Pluto.

Aussie Supporting U.S. LNG Sector

A major natural gas player in its own right, Woodside is supporting the No. 1 position for the United States in the LNG sector. With feed gas approaching 19 billion cubic feet per day (Bcf/d) during the third full week of February, U.S. levels are well above federal estimates of around 16 Bcf/d so far in 2026.

Feed gas volumes set a record January 12 at 19.59 Bcf.

On Tuesday, IIR Energy Intelligence reported through its subscription-based Breaking Energy News service that the Golden Pass LNG facility had entered the commissioning phase, following federal approval in December.

Federal regulators in late 2024 gave joint venture partners Exxon Mobil Corporation and Qatar Energy a three-year extension to finish building the Golden Pass LNG plant. The extension was granted due to delays caused when lead construction contractor Zachry Holdings filed for bankruptcy earlier that year.

Once fully completed, Golden Pass would boast a design capacity of 5.2 MTPA of gas in the liquid form, making it one of the largest LNG export facilities in the United States.

Subscribers have access to the detailed project report.

Woodside's Louisiana project could be completed before the end of the decade, meanwhile. Among the handful of LNG facilities supported by the federal government since Donald Trump returned to the White House, Louisiana LNG is already sanctioned for deliveries. If completed as expected, it would have an export potential of about 5.2 MPTA.

Woodside last year sold off a stake in the Louisiana LNG facility, with U.S. gas infrastructure company Williams contributing some $1.9 billion toward the project in exchange for 10% of its expected nameplate capacity for LNG.

Subscribers can learn more about Louisiana LNG in a detailed project report and plant profile.

By the Numbers

• 9 years of proved resources for Woodside
• 5.2 MTPA from its Louisiana LNG facility
• 19 Bcf/d in U.S. LNG feed gas

Key Takeaways

• Australia's Woodside boosted its reserve estimate.
• Company says this supports U.S. LNG footprint.
• U.S. feed gas levels flirting with a record.

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About IIR News Intelligence
IIR News Intelligence is a trusted source of news for the industrial process and energy markets, powered by Industrial Info Resources' Global Market Intelligence (GMI).

About Industrial Info Resources
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 250,000 current and future projects worth $30.2 Trillion (USD).