Australian operators shut production ahead of tropical cyclone Heidi
PERTH (Dow Jones)-Australia's Woodside Petroleum Ltd. (WPL.AU) said Wednesday that it has halted production at several oil fields off the northwest coast of Western Australia because of Tropical Cyclone Heidi.
Woodside shut-in production from the Cossack, Wanaea, Lambert and Hermes oil fields on the North West Shelf, as well as the Vincent oil field off the North West Cape, the company said in a statement.
Woodside is operator of the North West Shelf, which includes several offshore oil projects alongside a major liquefied-natural-gas processing operation at Karratha. The company operates and owns 60% of Vincent, with Japan's Mitsui & Co. Ltd. (8031.TO) holding the remainder.
Heidi is moving in a southerly direction toward the Pilbara coast, and may produce gusts of up to 130 kilometers per hour close to the center as it crosses the coast overnight, Australia's Bureau of Meteorology said on its website.
Also, Australia's Santos Ltd said Wednesday it has shut down production at its Mutineer-Exeter oil field due to Tropical Cyclone Heidi, which is threatening the northwest coast of Western Australia.
"As a consequence of Heidi, we have shut-in production and are preparing for disconnection at the Mutineer-Exeter oil project depending on the cyclone's development," a Santos spokesman told Dow Jones Newswires.
Heidi is moving in a southerly direction towards the Pilbara coast, and could produce gusts of up to 130 kilometers per hour close to the center as it crosses the coast overnight, Australia's Bureau of Meteorology said on its website.
The Pilbara region hosts several major oil and gas fields along with Australia's biggest iron ore mines and export facilities.
Santos owns 33.4% of Mutineer-Exeter, which produced 250,000 barrels of oil in the three months to Sept. 30, and is operator.
- Dow Jones Newswires