Analysts at CITI Research said the merger would boost Woodside production by between 65% and 102% over 2022-23 to between 158-225MMboe.
WOODSIDE Energy’s merger with BHP Petroleum has not only ensured capital for the Scarborough and Pluto 2 developments but will see the company sustain 200 million barrels of oil equivalent production until 2029. However, CITI has warned the oil and gas mammoth will face challenges after then.
Analysts at CITI Research said the merger would boost Woodside production by between 65% and 102% over 2022-23 to between 158-225MMboe.