Name of the Project
Trion development.

Location
About 180 km off the coast of Mexico, and 30 km south of the Mexico/US maritime border, in a water depth of 2 500 m.

Project Owner/s
Woodside Energy Group is the operator with a 60% participating interest, while Pemex Exploración y Producción holds the remaining 40%.

Project Description
The project will target the development of an estimated 479-million barrels of oil equivalent of best-estimate (2C) contingent resource of oil and gas. Trion will include the installation of a 100 000 bbl/d floating production unit (FPU), which will be connected to a floating storage and offloading (FSO) vessel with a capacity of 950 000 bbl of oil.

Eighteen wells (nine producers, seven water injectors and two gas injectors) will be drilled in the initial phase, 24 wells drilled over the life of the project.

Potential Job Creation
Not stated.

Capital Expenditure
$7.2-billion, which includes the capital expenditure of all 24 wells.

Planned Start/End Date
First oil is targeted for 2028.

Latest Developments
The Mexican regulator, Comision Nacional de Hidrocarburos, has approved the Trion project.

Woodside approved the development in June, subject to joint venture and regulatory approval. Both of these conditions have now been met.

Woodside has reported that the project execution phase activities are progressing, and that the company has executed key contracts pertaining to the development, including those for the FPU engineering; procurement and construction; the rig; the FPU and FSO installation; and the subsea trees.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Woodside Energy Group, tel +61 8 9348 4000 or emaicompanyinfo@woodside.com.
Pemex, tel +52 559126 2940 or emailri@pemex.com.