Trion Project 35% Complete, First Oil Set for 2028

Australian energy company Woodside Energy confirmed that its Trion deepwater oil project off Mexico’s coast reached 35% completion by the end of 2Q25, remaining on track to deliver first oil in 2028. In its quarterly results, the company highlighted the completion of detailed engineering for the project’s floating production unit (FPU), with all equipment and bulk materials now procured. Design and manufacturing of subsea infrastructure is progressing, while construction of the floating storage and offloading (FSO) vessel is scheduled to begin in 2H25.

Trion, a joint venture with PEMEX, is set to become Mexico’s first major deepwater oil development. Woodside CEO Meg O’Neill reaffirmed the company’s commitment to delivering Trion and its Scarborough LNG development in Australia on time and within budget. “This demonstrates that Woodside continues to deliver on our commitments, executing multiple major projects with strong safety performance and cost control,” she said.