Australia’s Oil, Iron Ore Output Hit by Cyclone George

Australia’s oil production has been cut by the storm, with floating production vessels disconnecting from their buoys and sailing out of the path of the cyclone.

Woodside Petroleum Ltd. (WPL.AU) said the production vessel from the Cossack-Pioneer oil field, part of the North West Shelf joint venture, has sailed away as has the vessel at the Legendre oil field.


Santos Ltd. (STO.AU) said the production vessel from the Mutineer-Exeter oil field has disconnected and sailed to calmer waters.

And the production vessel from BHP’s Griffin oil field has also ceased production and sailed for shelter.

A second weaker cyclone is now brewing off the coast of Western Australia. Santos, Woodside and BHP are yet to decide when it will be safe to return their production vessels to the oil fields.

Dow Jones Newswires