Woodside Petroleum Ltd Announces Production and Capital Expenditure Results for the Fourth Quarter and Year Ended December 31, 2016; Provides Production Guidance for the Year 2017
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.