Origin's production steady in Dec quarter
Market watch top headlines
Stocks to watch
SYDNEY, Jan 31 AAP
January 31 2013, 4:29PM
Origin Energy's production was steady in the three months to December, and the company says all maintenance work planned for the financial year is complete.
Origin produced 28.8 petajoules (PJe) of gas in the December quarter, up slightly from 28.5 PJe in the same period in the previous year.
That took production in the six months to December to 62 PJe, down five per cent from 65.4 PJe in the previous corresponding period.
The reduction in first half production was caused by upgrade work at Origin's Yolla project in the Bass Strait, suspension of other operations for maintenance, and the reduction in the company's interest in the Australia Pacific liquefied natural gas (LNG) project.
Sales for the six months to December of $425 million were down one per cent from the same period in the previous year.
"We have now completed all major maintenance shutdowns that were scheduled for the financial year," Origin upstream chief executive Paul Zealand said in a statement.
Origin shares gained 14 cents to $12.59.