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Production impacted by Mutineer-Exeter workovers and John Brookes shut-in

  • Q2 2008 production of 13.9 mmboe was 0.2 mmboe higher than Q1 2008.
  • Production was impacted by a planned workover campaign on Mutineer-Exeter and the shutin of John Brookes following an incident on Varanus Island on 3 June.
  • Oil production from the Cooper Basin and Indonesia was higher than the previous corresponding period.

Record second quarter sales revenue

  • Second quarter sales revenue of $749 million was 18% higher than both comparative periods.
  • Second quarter average portfolio gas price of $4.01 per gigajoule (GJ) was 4% higher than the previous corresponding period.
  • Second quarter average realised oil price of A$132.69 was 56% higher than the previous corresponding period.

Key activities during the period

  • Sale of a 40% interest in the integrated GLNGTM project to PETRONAS for US$2.5 billion.
  • FEED commenced for the PNG LNG project.
  • Reindeer gas project sanctioned with first gas expected by the end of 2010.