Woodside's Trion offshore oil project in Mexico receives approval

Woodside Energy Group has disclosed that the Trion offshore oil project in Mexico has received regulatory approval from the National Commission of Hydrocarbons (CNH). The value of the project is estimated at US$7.2bn.

Woodside took a final investment decision (FID) on Trion in June, which was subject to CNH's positive assessment of the project's field development plan (FDP).

Woodside operates Trion with a 60% stake. PEMEX is a partner in the initiative, with a 40% share of it.

First oil is expected in 2028.

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