One thing to watch in Woodside Energy's 2Q production report: the extent of decline at the Sangomar oil field in Senegal. Macquarie says this could be the first quarter of material output falls at the asset. It is expecting quarterly production of 85,000 barrels of crude oil per day at Sangomar. That would be lower than the 99,000 barrels per day achieved in 1Q. At group level, Woodside likely produced 40.1 million barrels of oil equivalent in 2Q with revenue of US$3.67 billion, Macquarie says. It has a neutral call and A$30.00/share price target on Woodside, which is down 1.7% at A$27.93.(david.winning@wsj.com; @dwinningWSJ)
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Woodside's Sangomar Field May Notch First Quarter of Material Output Decline — Market Talk
One thing to watch in Woodside Energy's 2Q production report: the extent of decline at the Sangomar oil field in Senegal. Macquarie says this could be the first quarter of material output falls at the asset. It is expecting quarterly production of 85,000 barrels of crude oil per day at Sangomar. Th…