Quarterly Production Report December 2015

Origin Energy Limited (Origin) today released its Quarterly Production Report for its Integrated Gas business for the quarter to 31 December 2015.

During the period, Origin recorded production of 54.4 PJe, representing a 14 per cent increase on the prior three-month period and a 63 per cent increase on the corresponding period in FY2015. This result was underpinned by higher gas production from Australia Pacific LNG as Train 1 came online and a full quarter of production from the recently completed Yolla 5 and Yolla 6 wells at BassGas.

Revenue for the three months to 31 December was $212.2¹ million, a 6 per cent reduction on that achieved during the September quarter. An increase in volumes and average price realised by Australia Pacific LNG was more than offset by the decline in sales volumes at Kupe (due to scheduled maintenance) and at Otway and Cooper Basin (due to lower nominations by Origin). When compared to the corresponding period in FY2015, revenue decreased 12 per cent as a result of lower average realised commodity prices.

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NOTE: The report does not cover other areas of the integrated energy businesses undertaken by Origin, including electricity generation, energy retailing and non-hydrocarbon development activity.

1. Including gain / (loss) on hedging and forward sales agreements.

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