Woodside achieved significant uplift in its full-year 2012 production to a record 84.9 million barrels of oil equivalent (MMboe), an increase of more than 30% compared to 2011.
Woodside CEO Peter Coleman said the record production was a result of outstanding performance of the Pluto LNG Plant since start up in April 2012, together with ongoing reliability of the foundation business.
“Our full-year production levels clearly demonstrate what a game-changer Pluto is for Woodside, with production levels consistently above our expectations,” Mr Coleman said. “It has resulted in a step-change in our annual sales revenues, positioning us to pursue value-adding growth opportunities such as potential LNG developments in Israel and exploration activities in Myanmar.”
Key Points:
Production was 8% lower than the previous quarter, predominantly due to scheduled maintenance activities and seasonal factors.
Highlights:
[mappress]
LNG World News Staff, January 17, 2013; Image: Woodside