Adam Martin's questions to Woodside Energy Group Ltd (WDS) leadership • H1 2025
Question
Adam Martin of E&P Financial Group asked for details on the Bass Strait development opportunities and the process to reach a final investment decision. He also questioned the increase in restoration provisions and the timing of future decommissioning spend.
Answer
CEO & Managing Director Meg O’Neill explained that the Bass Strait opportunities are gas discoveries Woodside can now develop post-operatorship transition, with FID contingent on that transition's completion. She attributed higher decommissioning costs to the poor condition of legacy assets, requiring more engineering work, a risk she noted is less likely for Bass Strait due to more recent production cessation.