Woodside Petroleum Ltd. announced production and capital expenditure results for the fourth quarter and year ended December 31, 2016. For the quarter, total production was 23,848,237 boe compared to 24,874,999 boe a year ago.

For the year, total production was 94,910,833 boe compared to 92,173,094 boe a year ago.

For the quarter, total capital expenditure was $1,029.2 million compared to $568.9 million a year ago.

For the year, total capital expenditure was $2,178.8 million compared to $5,614.5 million a year ago.

The company's 2017 forecast production range is 84 MMboe to 90 MMboe. Production increase is forecast for the LNG business due to expected world-class reliability, the absence of major planned turnarounds and the addition of Wheatstone production.