Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Australia's Woodside extends Pluto LNG maintenance after restart issues

FILE PHOTO: The logo for Woodside Petroleum, Australia's top independent oil and gas company, adorns a promotional poster on display at a briefing for investors in Sydney, Australia, May 23, 2018. REUTERS/David Gray

SINGAPORE (Reuters) - Australia's Woodside Petroleum has extended a planned maintenance at its Pluto liquefied natural gas (LNG) plant after technical problems when restarting production.

"The Pluto LNG turnaround was completed as planned but the mixed refrigerant compressor has experienced vibration on restart," the company said in a filing to the Australian stock exchange ASX on Tuesday.

As a result, it has begun further activities that will extend the turnaround, with the aim of restarting production at the end of June.

The oil and gas producer said that it has made arrangements to meet obligations to its customers, including the purchase of third-party cargoes.

Due to the extension of the maintenance, the company expects its production this year to be at the lower end of the 88 to 94 million barrels of oil equivalent guidance range, it said.

The production curb comes as Royal Dutch Shell on Tuesday shipped its first cargo from the Prelude floating LNG plant off northwest Australia.

With Asian LNG spot prices at a three-year low, the extension of Pluto LNG maintenance is unlikely to have a big impact, industry sources said.

(Reporting by Shriya Ramakrishnan in Bengaluru and Jessica Jaganathan in SINGAPORE, editing by Richard Pullin)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.