Woodside Energy has posted document manufacturing within the December quarter amid an ongoing gas provide disaster with world markets in search of new provide.
CEO Meg O’Neill mentioned the outcome surpassed steerage and marked the very best annual manufacturing within the firm’s historical past.
The oil and fuel producer offered 29 per cent of produced liquefied pure fuel at costs linked to fuel hub indices (23 per cent full yr 2022), which meant it benefited from excessive costs from three to 6 months earlier.
The document December quarter manufacturing of 51.6 million barrels of oil equal was up 0.7 per cent from the earlier quarter, for document full-year 2022 manufacturing of 157.7 million barrels of oil equal, Woodside mentioned in outcomes launched on Wednesday.
Woodside contributed 29.4 petajoules to the east coast Australian fuel market within the quarter.
“Every molecule produced by Woodside’s east coast gas business went into the domestic market to support Australian households, businesses and manufacturers,” Ms O’Neill mentioned.
During the quarter, Woodside had a milestone at Pluto LNG, passing 50 million tonnes of liquefied pure fuel manufacturing for the reason that facility began up in 2012.
Woodside signed an Indigenous land use and fashionable advantages sharing settlement with the Ngarluma Aboriginal Corporation for the Woodside Solar challenge and is focusing on a closing funding determination in 2023.
“Elsewhere in new energy, Woodside was selected as the preferred partner to progress to the next stage of the proposed Southern Green Hydrogen project in New Zealand,” she mentioned.
The proposed challenge will goal manufacturing of 500,000 tonnes per yr of ammonia utilizing electrolysis from renewable energy.
In its second full quarter of manufacturing since absorbing BHP’s petroleum business, Woodside mentioned manufacturing steerage for full-year 2023 stays 180 million to 190 million barrels of oil equal.
Woodside mentioned it might launch its Sustainable Development Report 2022 and Climate Report 2022 on February 27.
