Woodside's Sangomar Oil Field About to Pass Production Peak -- Market Talk

Dow Jones2025-10-23

2346 GMT - Woodside Energy's Sangomar oil project in Senegal is approaching a key moment that investors need to have eyes on. Sangomar has performed strongly till now. Woodside said yesterday that it averaged 99,000 barrels of oil equivalent per day in 3Q. But Sangomar is about to pass a production peak, meaning its performance from here will be important. UBS analyst Tom Allen says the unique reservoir structure of Sangomar means there's a wide range of quarter-on-quarter decline rates that could happen. "However, we acknowledge that to date, the asset has outperformed pre-production expectations," UBS says. It forecasts some 25.8 million BOE from Sangomar in 2026. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

October 22, 2025 19:46 ET (23:46 GMT)

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UBS analyst Tom Allen says the unique reservoir structure of Sangomar means there's a wide range of quarter-on-quarter decline rates that could happen. \"However, we acknowledge that to date, the asset has outperformed pre-production expectations,\" UBS says. It forecasts some 25.8 million <a href=\"https://laohu8.com/S/00710\">BOE</a> from Sangomar in 2026. 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Sangomar has performed strongly till now. Woodside said yesterday that it averaged 99,000 barrels of oil equivalent per day in 3Q. But Sangomar is about to pass a production peak, meaning its performance from here will be important. UBS analyst Tom Allen says the unique reservoir structure of Sangomar means there's a wide range of quarter-on-quarter decline rates that could happen. \"However, we acknowledge that to date, the asset has outperformed pre-production expectations,\" UBS says. It forecasts some 25.8 million <a href=\"https://laohu8.com/S/00710\">BOE</a> from Sangomar in 2026. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 22, 2025 19:46 ET (23:46 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SKIS","symbol_name":"Peak Resorts, Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2577534580","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2577534580","pubTimestamp":1761176760,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2346 GMT - Woodside Energy's Sangomar oil project in Senegal is approaching a key moment that investors need to have eyes on. 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