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Woodside Petroleum Q4 revenue slips

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LNG Industry,

Reuters are reporting that Woodside Petroleum Ltd has announced that Q4 sales revenue slipped 6.9% from a year earlier, as pipeline natural gas production in the North West Shelf slumped.

Production fell to 21.9 mmboe, partly due to the delay in the start-up of the Wheatstone LNG project, and took full year output to 84.4 mmboe, at the lower end of the company’s forecast of 84 – 86 mmboe.

Woodside said it expects annual production of 85 – 90 mmboe in 2018.

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