SYDNEY (AFX-ASIA) – Woodside Petroleum Ltd is targeting a 25-30% cost reduction from each business unit as part of a new program that will include job losses, The Age reported, citing an internal email from managing director John Akehurst. It is also targeting efficiency as part of plans to lift annual production from 65 million…
AUSTRALIA: Woodside Petroleum targets 25-30% cost cuts; annual production up 50%
Posted on January 30, 2003 by EnergyAsia