Woodside Sales Revenue Up 15.9 Pct

LNG player Woodside said its sales revenue for the first quarter in 2014 was US$1,675 million, up 15.9% on Q1 2013.

Woodside

Key production and sales points for the quarter

Previous quarter:

– Production volumes were 0.9% lower than the previous quarter mainly due to lower LNG volumes produced at Pluto, partially offset by increased oil volumes predominantly due to a full quarter of Vincent production. Sales volumes were 0.9% higher than the previous quarter reflecting a draw-down of inventory volumes on hand at the end of the previous quarter;

– Revenue for the quarter was 1.6% higher than the previous quarter broadly reflecting the higher sales volumes. Revenue in Q4 2013 was positively impacted by sales contracts adjustments for volumes already delivered by Pluto.

Corresponding period:

– Production volumes were 5.0% higher and sales volumes were 6.9% higher than the corresponding period predominantly due to the re-start of the Vincent FPSO in late 2013;

– Revenue for the quarter was 15.9% higher than the corresponding period predominantly due to additional oil volumes sold and higher realised prices for Pluto LNG volumes sold in the period. The average Brent price for the quarter was $107.87/bbl, below the $112.64/bbl in the corresponding period.

LNG World News Staff, April 17, 2014; Image: Woodside

Share this article

Follow LNG World News

Events>

<< Jan 2020 >>
MTWTFSS
30 31 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

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >