Unfortunately, with pricing falling away from us, that cost reduction doesn't get us to a breakeven price that's low enough for us to feel comfortable making an investment at this point in time, it's very disappointing in the scheme of things as this is a key part of our growth story.

Woodside Chief Executive Peter Coleman

Categorized in : Energy

As you look through the cycle, Wheatstone will start up at a point where we should see a strengthening of the commodity pricing.

Woodside Chief Executive Peter Coleman

The changes we are experiencing in our industry are starting to flow through our supply chain, we will use the time we now have to maximise long-term economic benefits for the development.

Woodside Chief Executive Peter Coleman