Latest News

Woodside Energy clears another hurdle for Mexico's Trion deepwater oil project

Australia's Woodside Energy said on Tuesday that Mexico's energy ministry had actually authorized the social effect assessment for its Trio project, clearing another hurdle for state company Pemex's very first deepwater oil production.

Woodside, which is the operator and a 60% owner of Trion, reiterated it was targeting first oil from the job in 2028.

This approval marks a crucial turning point on the pathway to developing this nationally significant resource project, Matthew Ridoli, a Woodside executive vice president, said in a. statement. We appreciate the ongoing support.

Trion is being established in a joint endeavor with Pemex and. was in August in 2015 forecast to produce 110,000 barrels per. day (bpd) by 2028. Total extraction was anticipated to reach 434. million barrels during the contracted period up to 2052.

Trion is located at a water depth of 2,500 meters

(source: Reuters)