Cooper Energy has announced that oil production and revenue increased by 6% to 109,543 barrels and $12.4m, respectively, in 2012.
The company said the increase is mainly due to the start of the Lycium to Moomba oil pipeline in December and increase in production in Indonesia.
Production in the next six months is expected to rise with the additional Cooper Basin oil pipeline transport capacity available since mid-December 2012 and once five new wells is connected.
Revenue for the December 2012 Quarter was A$12.4m, compared to the A$11.7m from the September 2012 Quarter.
The company said oil production from its Cooper Basin tenements for the December 2012 Quarter was 103,541 barrels, which was 4% above that achieved in the previous quarter.
During the same Quarter, Cooper drilled two exploration wells in PEL 92, while Windmill-1 encountered a 6.6 metre oil column in the Namur Sandstone.
In PEL 92, the acquisition of the Irus 3D Seismic Survey was completed in December 2012.
Cooper will deploy jack-up drilling rig GSP Jupiter to Tunisia in early February 2013 to drill Hammamet West-3 in late March 2013.