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.