Woodside’s Trion Project Secures Social Impact Assessment Approval, Gulf of Mexico
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Australian energy company Woodside Energy has secured the social impact assessment approval for the $7.2 billion Trion oil and gas project in Mexican waters.
The approval granted by the Mexican Ministry for Energy will serve as a key tool in managing the project throughout the construction phase, said Woodside projects executive vice president Matthew Ridolfi.
Submitted in May 2023, the social impact assessment offers a thorough evaluation of the offshore oil and gas project and delineates Woodside’s strategies for addressing social impacts.
“This approval marks an important milestone on the pathway to developing this nationally significant resource project. We appreciate the ongoing support we have received from the Mexican government for Trion,” said Woodside projects Executive Vice President Matthew Ridolfi.
“The approval also validates Woodside’s approach to how we engage with communities wherever we work and recognizes our high operating standards. It reflects the excellent work of our technical team, our consultants, and the strong professional relationships we have established with Mexico’s regulatory authorities,” added Ridolfi.
In August 2023, Woodside was given approval from Mexican regulator Comision Nacional de Hidrocarburos (CNH) for the Trion oil and gas project. Prior to this, the company in June 2023, took a final investment decision (FID) on the greenfield development in the Gulf of Mexico.
Trion marks Mexico’s inaugural oil production venture in its deepwater regions, situated at a depth of 2,500m. It is located in the Perdido Fold Belt, roughly 180km from the Mexican shoreline.
Woodside is developing the project in a joint venture with PEMEX Exploración y Producción. The former is the operator of the field with a stake of 60 percent while its Mexican partner holds the remaining 40 percent ownership.
The deepwater project aims to exploit an estimated 479 million barrels of oil equivalent (MMboe) of best estimate (2C) contingent resource of oil and gas. Its first oil is expected to be drawn in 2028.
Source: NS Energy
Woodside Energy is a global energy company, founded in Australia, working across three continents to produce oil and natural gas and pursue new energy opportunities. From the first LNG plant in the southern hemisphere, to the world’s largest not-normally crewed offshore platform, Woodside has long been a leader in developing and applying new technologies.
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