Woodside records record output

The oil and gas producer Woodside Petroleum has posted record annual output after its Pluto LNG plant in Western Australia started producing gas.

The company's production surged 31 per cent in 2012 compared to 2011, to 85 million barrels of oil equivalent.

Woodside's sales jumped 30 per cent in the period.

The company's Pluto LNG Plant began production in April last year.

Woodside shares were up 10 cents to $35.30.

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