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An artist's impression of Woodside's proposed 700-bed camp in Karratha.

Woodside to spend $400m on Fifo camp

Woodside Petroleum is hoping to win state government backing for a new 700-bed fly-in, fly-out camp at Karratha, after selecting a consortium led by Multiplex and Compass Group to build, own and operate the facility.

The new facility would reduce Woodside’s demand on other transient worker villages in Karratha.

It currently has about 950 employees and contractors across four facilities – Aspen, Cheratta, Civeo and Kingfisher.

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Comments

Newman
Don't let it happen. Karratha needs residential to bring in local jobs for youth in the area. Fifo destroys the community fabric of the town and does not help the local economy.

Young
Here we go again. What a joke, More FIFO facilities taking money out of the town. Great!!!!

Half the houses in Karratha are empty... fill them up first!

Mandurah
Certainly don't need another camp in Karratha, way too many empty houses.

Karratha
So what you're saying is we should have more brownfield experienced oil and gas personnel living in Karratha, or we should put lives at risk by throwing anyone who lives in Karratha into a live gas plant? There is a reason people are flown to the Karratha gas plant.

Perth
Woodside should lease some of the empty houses, or better still buy them as an asset.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 31/07/17

1 year TSR5 year TSR
82ndAtlas Iron92%-58%
116thSouth3262%0%
177thFortescue Metals Group37%11%
272ndWoodside Petroleum14%3%
447thNorthern Star Resources-15%42%
710 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

08/05/17
$7k Bought
08/05/17
$6k Bought
08/05/17
$7k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st-Fortescue Metals Group$9,806.1m
2nd↑South32$8,262.9m
3rd-Woodside Petroleum$5,715.9m
4th↑Atlas Iron$803.7m
5th-Northern Star Resources$787.2m
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Woodside Petroleum

1stPeter Coleman$7.555m
20thMike Utsler$1.986m
24thRobert Edwardes$1.668m
Ranked by total remuneration from all listed WA companies

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