Woodside FY production lifts

Group posts slight year-on-year production increase, FY revenue slips.

Woodside Petroleum (WPL) has lifted its full-year production and flagged a small increase in the year ahead, despite a slight decrease in annual revenue.

In the full year, Woodside produced 87 million barrels of oil equivalent (MMboe), a 2.5% increase on the 84.9 MMboe produced in 2012.

In the same period, Woodside sold 85.7 MMboe, a 2.3% increase on the previous year's sales of 83.8 MMboe.

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