Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Woodside Petroleum Limited    WPL   AU000000WPL2

End-of-day quote. End-of-day quote  - 05/03
28.63 AUD   -0.38%
04/21DJSantos Revenue Lifted by Surge in Gas-Sales Volumes
04/21 WOODSIDE PETROL : North West Shelf JV to take Equus gas
04/21 WOODSIDE PETROL : 21.04.2016 AGM Voting Results 2016
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Woodside Petroleum Takes Up To US$140 Million Impairment

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/18/2013 | 02:24am CEST
   By Ross Kelly 
 

SYDNEY--Woodside Petroleum Ltd. (>> Woodside Petroleum Limited) said Thursday that early design work on projects that were never built will shave up to US$140 million from its first-half profit.

Australia's second-biggest oil company by output behind BHP Billiton Ltd. (>> BHP Billiton Limited) said it expects to book an impairment charge of between US$120 million and US$140 million for the six months to June 30. Last year, Woodside booked a first-half profit of US$812 million.

The blow is partly related to the cost of early design work on an expansion of its Pluto gas-export plant in Western Australia state, which was later put on ice after Woodside failed to enough gas in an expensive drilling campaign.

Costs associated with planning the development of the Laverda oil discovery, also offshore Western Australia, contributed to the writedown, Woodside said.

Separately, the company said oil production fell 0.6% to 20 million barrels of oil equivalent in the three months to June 30. Quarterly revenue fell 6% to US$1.35 billion due to a longer-than-expected shutdown of its Vincent oil production facility.

Write to Ross Kelly at ross.kelly@wsj.com

Stocks mentioned in the article : Woodside Petroleum Limited, BHP Billiton Limited
share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on WOODSIDE PETROLEUM LIMITED
04/21DJSantos Revenue Lifted by Surge in Gas-Sales Volumes
04/21 WOODSIDE PETROLEUM : North West Shelf JV to take Equus gas
04/21 WOODSIDE PETROLEUM : 21.04.2016 AGM Voting Results 2016
04/21 WOODSIDE PETROLEUM : 21.04.2016 Appendix 3Z (Jamieson)
04/21DJWoodside Continues to Look for Acquisitions, Chairman Says
04/21 WOODSIDE PETROLEUM : 21.04.2016 AGM Address by Chairman Michael Chaney and CEO P..
04/19DJWoodside Revenue Drops on Weak Oil, Gas Prices
04/18 Exclusive - Chevron seeks buyers for Myanmar gas assets worth $1.3 billion - ..
04/18 WOODSIDE PETROLEUM : Media Alert - Annual General Meeting 2016
04/15DJGas-Exporters Need to Collaborate, Share If Industry is to Grow, Executives S..
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials