Gordon Ramsay's questions to Woodside Energy Group Ltd (WDS) leadership • H1 2025
Question
Gordon Ramsay of RBC Capital Markets inquired about the operational performance and Phase 2 development potential of the Sangomar field, and also asked for details on the drivers behind the recent reduction in unit production costs.
Answer
CEO & Managing Director Meg O’Neill confirmed positive initial results from Sangomar's S400 and S500 sands, stating that a 12-24 month data gathering period is required before a Phase 2 decision, which would leverage existing infrastructure. She attributed lower unit production costs primarily to Sangomar's strong performance, alongside business-wide cost initiatives and some one-off savings.