Woodside CEO Peter Coleman said the fourth quarter was underscored by a strong operational performance at Pluto LNG and the first shipment from Wheatstone LNG.
“Pluto LNG delivered excellent production on the back of outstanding facility reliability and higher operating rates.
“Wheatstone LNG Train 1 commenced production in October, with the first cargo delivered to Japanese buyers in November. This was a significant achievement for the project and our attention is now focused on supporting the operator with the completion of Train 2 and the domestic gas facility, as well as optimising performance.
“Revenue for the period was up quarter-on-quarter at $939 million, reflecting stronger realised prices.
“We anticipate that the stronger oil prices experienced in the fourth quarter will flow through to higher realised LNG prices in the first quarter of 2018.
“Looking ahead to 2018, we can expect a significant increase in annual LNG production and we anticipate we will be cash flow neutral at $35 a barrel,” he said.
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