Woodside and PEMEX began a drilling campaign at the Trion Field in the ultra-deepwater Gulf of Mexico. The program includes 24 subsea wells tied back to a floating production unit designed for about 100,000 barrels per day. Output is planned to be loaded to a floating storage and offloading vessel with 950,000 barrels of capacity. Woodside said the project is targeting first oil in 2028 and expects to deliver more than USD 10 billion in taxes and royalties over its life. Woodside holds 60% of Trion and PEMEX holds 40%.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Woodside Energy Group Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 202603091022BIZWIRE_USPR_____20260309_BW566015) on March 09, 2026, and is solely responsible for the information contained therein.