Woodside Q3 revenue dips 45 pct

Australian LNG player Woodside reported a sales revenue of US$1.09 billion for the third quarter of this year, down 45 percent as compared to 2014.

The company’s revenue almost halved due to lower realised oil and gas prices, Woodside said on Thursday.

Production volumes increased 0.4 percent to 25.3 MMboe predominantly due to oil production from the Balnaves oil asset which commenced production for Woodside in April.

This was partially offset by lower LNG and associated condensate production at NWS due to a planned LNG Train 5 maintenance turnaround which was completed ahead of schedule during the quarter, Woodside said.

Woodside also revealed it completed capacity enhancement activities during the Pluto turnaround, resulting in current production rates exceeding the 4.3 mtpa nameplate capacity by 3 percent.

During the quarter, the company’s Pluto LNG project delivered 19 cargoes of the chilled gas, the same as in the third quarter of 2014.

The NWS LNG project, in which Woodside has a 16.7 percent stake, delivered 63 cargoes compared to 72 last year due to maintenance.

Woodside’s production target range for 2015 has been revised to 88 to 93 MMboe (previously 86 to 94 MMboe).


LNG World News Staff; Image: Woodside




Share this article

Follow LNG World News


<< Oct 2019 >>
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >