Woodside Quarterly Production Up 9.5 Pct
- Business & Finance
Woodside, Australia’s largest independent oil and gas company, has announced the results for the third quarter period ended 30 September 2013.
The Company reports quarterly production of 21.9 million barrels of oil equivalent (MMboe), up 9.5% on Q2.
The sales revenue for the quarter was US$1,338 million, the Browse basis of design (BOD) was agreed on during the quarter on floating LNG (FLNG) development, the Xena final investment decision (FID) was achieved during the quarter, and the North Rankin Redevelopment Project achieved start-up subsequent to the end of the quarter.
During the quarter the Browse Joint Venture participants agreed to progress BOD work in relation to the FLNG development concept to commercialise the Browse gas fields. The Pluto Joint Venture participants also approved the expenditure required for Phase 1 of the Xena field tie-in project.
Press Release, October 17, 2013