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Woodside Energy Group Ltd Announces Q1 2023 Report; Delivered Quarterly Production Of 46.8 MMboe (520 Mboe/day), Down 9% From Q4 2022

Benzinga ·  Apr 21, 2023 20:16

Delivering reliable production

· Delivered quarterly production of 46.8 MMboe (520 Mboe/day), down 9% from Q4 2022 due to planned turnaround and maintenance activities. Full-year production guidance remains unchanged.

· Delivered sales volume of 50.4 MMboe, down 4% from Q4 2022, primarily due to lower production.

· Delivered revenue of $4,330 million, down 16% from Q4 2022, due to lower production and lower realised prices.

· Production, sales volume and revenue increased 122%, 112% and 81% respectively from Q1 2022, driven by the expanded operations portfolio post-merger.

· Achieved high LNG reliability of 99.9% at Pluto LNG and 98.3% at North West Shelf (NWS) Project.

· Achieved a portfolio average realised price of $85 per barrel of oil equivalent.

· Sold 32% of produced LNG at prices linked to gas hub indices.

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