Woodside lifts Sept quarter output

Oil and gas giant Woodside has lifted September quarter production by 22 per cent, while revenue is up nearly 20 per cent.

Shareholders arrive for the Woodside Petroleum General Meeting — Oil and gas giant Woodside Petroleum has lifted September quarter production by 22 per cent. (AAP)

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Published 20 October 2016 4:06pm

Source: AAP

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Woodside Petroleum has reported a sharp increase in September quarter sales revenue and production, helped by record volumes at its liquefied natural gas facilities.

Woodside's production for the three months to September 30 was 25.2 million barrels of oil equivalent (Mboe), up from 22.3 Mboe in the June quarter. Revenue was up 19.8 per cent to $988 million.

The company has slightly raised its full year production guidance to between 92 and 95 Mboe, from between 90 and 95 Mboe previously.

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