Woodside Energy, an Australia-based oil and gas producer, today announced its 1Q 2014 output volumes rose 5 percent, compared to the same period in 2013.
The company said that production rose due to the restart of the Vincent FPSO in late 2013. Sales volumes were 6.9% higher compared the corresponding period in 2013.
Sales revenue for the quarter was US$1,675 million, up 15.9% on Q1 2013 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.