Woodside sales revenue climbs 24.8 pct

LNG player Woodside said its sales revenue for the second quarter in 2014 was US$1,679 million, up 24.8% compared to the same period last year. 

The sales revenue wag higher due to additional oil volumes sold primarily from Vincent FPSO, and higher realised prices for Pluto LNG volumes sold in the period, according to Woodside.

Woodside’s production volumes were 17.5% higher, as compared to the second quarter in 2013, mainly due to the reliability of production at Pluto LNG.

The company’s production target range for 2014 has been revised to 89 to 94 MMboe (previously 86 to 93 MMboe). This reflects strong operating performance with production on or above plan, Woodside said.