PERTH, July 24 - Woodside Petroleum Ltd (WPL.AX), Australia's No. 2 oil and gas producer, reported on Friday a 1 percent rise in second-quarter production, and reiterated its full-year production forecast.
In the quarter ended June 30, it produced 19.4 million equivalent barrels of oil (boe), compared with 19.3 million boe a year ago.
But sales revenue for the quarter dropped by 36 percent to A$938 million ($763 million) as lower oil and gas prices outweighed higher sales volume.
Woodside, 34 percent owned by Royal Dutch Shell Plc (RDSa.L), said its full-year target output of between 81-86 million boe remains unchanged.
In the quarter ended June 30, it produced 19.4 million equivalent barrels of oil (boe), compared with 19.3 million boe a year ago.
But sales revenue for the quarter dropped by 36 percent to A$938 million ($763 million) as lower oil and gas prices outweighed higher sales volume.
Woodside, 34 percent owned by Royal Dutch Shell Plc (RDSa.L), said its full-year target output of between 81-86 million boe remains unchanged.
