Woodside notes recent media reports stating that Senegal has been forced to delay its first oil and gas projects by up to two years because of the COVID-19 pandemic.

Woodside reiterates that first oil from the Sangomar Field Development Phase 1 remains on track for 2023, in line with previous guidance.

Woodside and its joint venture partners took an unconditional final investment decision for the Sangomar Field Development Phase 1 and commenced execution phase activities in January 2020.

Since then, Woodside has taken early action to proactively manage the emerging impacts of COVID-19 on the supply chain and project schedule. We are working with project contractors, the Government of the Republic of Senegal and our joint venture partners to optimise near-term spend whilst protecting the overall value of the investment and deliver first oil in 2023.

About Woodside

Woodside (ASX: WPL, OTC: WOPEY) is Australia’s largest independent oil and gas company, with a proud history of safe and reliable operations spanning decades.
As the largest operator of oil and gas in Australia, Woodside produces around 900,000 barrels of oil equivalent each day from a portfolio of facilities which we operate on behalf of some of the world’s major oil and gas companies.