You are using an outdated browser. Please upgrade your browser to improve your experience.
Skip to content
We're Proudly Australian Made, find out more CLICK HERE

Production reinstated at John Brookes

  • September quarter production of 13.2 mmboe was 5% lower than the June quarter of 2008.
  • Following the Varanus Island incident in June, initial production from John Brookes.
  • Recommenced in early August with full production reinstated by early September.
  • Cooper Oil production up 33% compared to the September quarter of 2007.
  • Mutineer-Exeter production impacted by planned workover campaign.

Higher Sales Revenue

  • Sales revenue of $730 million was 16% higher than the September quarter of 2007.
  • September quarter average portfolio gas price of $4.90 per gigajoule (GJ) was 25% higher
    than the September quarter of 2007, primarily due to higher realised ethane and LNG prices.
  • September quarter average realised oil price of A$146.42 per barrel was 59% higher than
    the September quarter of 2007.

Key activities during the period

  • Receipt of US$2 billion from PETRONAS for the 40% stake in the GLNGTM project.
  • Purchase of 100% interest in the WA-4-R permit (Carnarvon Basin) containing the majority of
    the undeveloped 600PJ gas resource in the Spar field.
  • Proposal to construct a 500MW gas fired power station in western Victoria.
  • Successful completion of $300 million off-market share buy-back in early October.