MELBOURNE, April 20 (Reuters) - Woodside Petroleum WPL.AX reported a 30 percent drop in revenue for the first quarter of 2016, hit by a sharp fall in oil and gas prices and coming roughly in line with market forecasts.
Australia's top independent oil and gas producer did not refer to its forecast for 2016 production of 86-93 million barrels of oil equivalent (mmboe) in its quarterly report.
Capital spending jumped to $446 million in the March quarter from $195 million a year earlier.
Woodside said in January it expects full year capital spending in 2016 of $1.96 billion, with the bulk of that going to fund its share of the development of the Wheatstone liquefied natural gas (LNG) project, operated by Chevron Corp (NYSE:CVX) CVX.N .
Woodside last month shelved its key LNG project, Browse, off Western Australia, and is now counting on exploration in places like Myanmar and Ireland to help it drive long term growth.