Extreme wet weather in Queensland has contributed to a fall in quarterly revenue and production from energy supplier Origin Energy’s oil and gas fields.

Origin on Tuesday released its March quarter production report for its exploration and production business.

The report does not cover Origin’s electricity generation or energy retailing operations.

The exploration and production business produced 29.5 petajoules equivalent and generated sales revenues of $199.2 million.

Compared to the March quarter in 2012, production fell five per cent as a result of Origin diluting its interest in Australia Pacific LNG, and lower production from Australia Pacific LNG following extreme wet weather.

Higher average gas prices helped offset a six per cent drop in sales volumes, but sales revenues fell two per cent.

Australia Pacific LNG is a joint venture between Origin, ConocoPhillips and Sinopec to develop one of Australia’s largest coal seam gas to liquefied natural gas (LNG) projects, in southwestern and central Queensland.

Compared to the immediately preceding quarter, production in the March 2013 quarter lifted two per cent, following the completion of inspection and maintenance shutdowns at the Otway (Victoria) and Kupe (New Zealand) gas plants.

Sales revenues fell one per cent. Although sales volumes rose four per cent, the average LPG price fell from its peak in the December quarter of 2012.

Origin said the upstream component of the Australia Pacific LNG project was about 35 per cent complete, and the downstream component was 37 per cent finished.

Origin said although extreme wet weather had slowed drilling activity in the upstream project, it was on track to achieve its full-year drilling target.

Construction activities on Curtis Island at Gladstone in Queensland were also affected by tropical storm Oswald but the start-up dates for two LNG trains remained unchanged.

Shares in Origin were three cents higher at $12.32 on Tuesday.