Woodside Records Significant Jump in Output

Woodside’s full year 2012 production reached a record 84.9 million barrels of oil equivalent (MMboe), an increase of more than 30% compared with 2011.

The strong performance was witnessed mainly due to outstanding performance of the Pluto LNG Plant since start up in April 2012, together with ongoing reliability of the foundation business, CEO Peter Coleman said.

“Our full-year production levels clearly demonstrate what a game-changer Pluto is for Woodside, with production levels consistently above our expectations,” Mr Coleman said. 

Pluto LNG continued strong production of 1,038,966 tonnes of LNG and 777,703 barrels of condensate was achieved during the quarter. Utilisation for the quarter was 90.4%, exceeding the quarterly figure of 83.3% as per the 2012 annual plan.