Woodside reiterates FY production guidance

Company News


Woodside Petroleum Limited (ASX:WPL) has reiterated its 2013 production guidance after posting record total annual production.

In the 2012 full year, Woodside increased its oil production by 31 per cent on the year prior, reaching 84.9 million barrels.

The group expects to produce between 88 and 94 million barrels in the current calendar year.

Woodside also increased sales during 2012, posting an increase of 31 per cent from the year prior in its total sales of 83.8 million barrels.

In the December quarter alone, sales jumped 67 per cent to 25.9 million barrels.

Woodside Petroleum generated an $800.7 million net profit in the first half of its 2012 financial year.

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?