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PERTH (miningweekly.com) – Australian energy major Woodside has reported record sales and production third quarter ended September. Production during the three months to September rose by 52% on the previous quarter, to 51.2-million barrels of oil equivalent, with sales volumes in the same period rising by 59% to 57.1-million barrels of oil equivalent. Woodside on Thursday reported record revenues of $5.85-billion for the third quarter to September, up by 70% from the second quarter, with the company achieving a portfolio average realised price of $102 per barrel of oil equivalent. Woodside CEO Meg O’Neill said production and revenue rose in the third quarter, reflecting the first full three months of contribution from the former BHP petroleum business. “This is our first full quarter following the merger and these results demonstrate the new, expanded Woodside is delivering what we promised: safe, reliable energy from a more diverse portfolio. “Production for the period was 51.2-million barrels of oil equivalent, up 52% from the second quarter and more than twice the level in the corresponding period of last year. Strong operational performance across the combined portfolio has allowed us to upgrade our full-year production guidance to 153-million to 157-million barrels of oil […]
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