Woodside sales revenue up on LNG
LNG player Woodside of Australia said its sales revenue for the third quarter was at US$1,959 million, up by 16.7% compared to the previous quarter.
The increase in the company’s revenue was due to higher LNG and condensate sales volumes and higher LNG realised pricing at Pluto.
Production volumes were 7.2% higher mainly due to higher LNG and condensate volumes produced at the North West Shelf (NWS) and Pluto LNG, partially offset by decreased oil volumes produced across Woodside’s Australia oil assets.
Woodside’s production target range for 2014 has been revised to 93 to 95 MMboe (previously 89 to 94 MMboe).
This reflects continuing strong operating performance across all assets, the company said in a statement.