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    Gordon Ramsay

    Research Analyst at RBC Capital Markets

    Gordon Ramsay is the Lead of Energy Coverage at RBC Capital Markets, specializing in the research and analysis of major international energy companies such as Worley and Subsea 7. With over 25 years of commercial and technical experience in investment banking and the energy and utilities sectors across Australia and Canada, Ramsay is recognized for his detailed sector analysis and team leadership within RBC's global energy research capabilities. He began his analyst career at Salomon Smith Barney in 1999 as Executive Director for Energy & Utilities Research, later serving as Managing Director of Corporate Banking & Equities Research before joining RBC in 2020. Ramsay holds extensive professional credentials in the financial industry and actively contributes to industry research and investment strategy reports.

    Gordon Ramsay's questions to WOODSIDE ENERGY GROUP (WDS) leadership

    Gordon Ramsay's questions to WOODSIDE ENERGY GROUP (WDS) leadership • H1 2025

    Question

    Gordon Ramsay from RBC Capital Markets inquired about the Sangomar field's performance, specifically asking for an update on the injector-producer pairs in the S-400 sand units and the potential timeline for a Phase 2 development. He also asked for details on the drivers behind the reduction in unit production costs.

    Answer

    CEO & Managing Director Meg O’Neill confirmed positive signs and a reserve add from the S-400 sands, noting the company will need 12-24 months of production data to inform a Phase 2 decision, which would leverage existing FPSO infrastructure. Regarding costs, she credited the 'star' performance and low unit cost of Sangomar, alongside business-wide cost reduction efforts and some one-off reductions in the U.S., for the improved guidance.

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