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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.

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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.

perth
Dampier is named after William Dampier who was one of the original pirates of the Caribbean and was arguably the first Englishman to set foot on Aussie soil in 1688. He sailed down the straits and saw the Dampier Archipelago, and said the rocks appear to be rusting and made some unflattering observations of the locals, which basically set the tone of white man/Aboriginal relations ever since. This town, Dampier, population 1,300, is one of the more picturesque towns on the Pilbara Coast (believe me, there aren’t that many). However, it slowly being killed off by the mining industry and the state government. The old-timers say the town was thriving 30 years ago; now the shopping centre has empty shops, most the families are gone, replace by Fifo single men who don’t need schools, shopping or community. It’s the same story in mining towns all over Australia. These places are hollowing out. The state government has responded by closing the medical centre, closing the post office and removing public transport. The few real locals are keeping the yacht club going, at least, and it appears a huge chunk of the membership is from Karratha, a major centre 20 kilometres away (15,000 population), which isn’t anywhere as nice as Dampier. Well, the mining companies have thrown back a pebble; they sponsor a community bus, so we actually have a way to get to Karratha, where there is a Centro shopping mall with all shops of the big city.

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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 29/12/17

1 year TSR5 year TSR
177thNorthern Star Resources72%41%
287thSouth3232%0%
366thAtlas Iron15%-55%
392ndWoodside Petroleum11%5%
539thFortescue Metals Group-10%5%
696 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

31/10/17
$7k Bought
31/10/17
$7k Bought
31/10/17
$6k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st-Fortescue Metals Group$10,999.7m
2nd↑South32$9,392.9m
3rd-Woodside Petroleum$5,715.9m
5th↑Atlas Iron$896.6m
6th↓Northern Star Resources$850.6m
497 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Woodside Petroleum

1stPeter Coleman$7.555m
18thMike Utsler$1.986m
22ndRobert Edwardes$1.668m
Ranked by total remuneration from all listed WA companies

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