India, Oct. 21 -- Woodside Petroleum Ltd. (WOPEF.PK,WOPEY.PK,WPL.AX) reported that third-quarter sales revenue were US$699 million, down 42% from last year, hurt by lower realised LNG prices.
Quarterly production was 25.3 million barrels of oil equivalent MMboe, up 2% from the prior year.
Sales volume was 26.7 MMboe, up 10% from the previous year.
Pricing in the fourth quarter and in the first-quarter of 2021 is expected to be stronger given the improvement in oil price in recent months.
Woodside said it is increasing its stake in the Sangomar Field Development offshore Senegal and has executed a sale and purchase agreement with Capricorn Senegal Limited for its entire participating interest. The additional interest is expected to incre...