More natural gas and oil output is coming ashore from the deepwater Gulf of Mexico (GOM) as Woodside Energy Group Ltd.’s Shenzi North project ramps up in Green Canyon ahead of schedule. 

Woodside BHP Deal

A final investment decision (FID) for Shenzi North, an extension of the Shenzi field, was taken in July 2021, and first output initially was scheduled for 2024. CEO Meg O’Neill said the early start up demonstrated the value of the U.S. offshore assets, acquired through the merger in 2022 with BHP’s gas and oil business. 

“First production from Shenzi North shows how we are leveraging existing infrastructure to increase production and provide attractive returns from our Gulf of Mexico business,” O’Neill said. Moving from FID to first production “in 26 months is a great...