Our Business

Woodside is an Australian publicly traded oil and gas exploration and production company, with a global perspective on energy supply.

Based in Perth, Western Australia, we have major operational assets and exploration and development interests in five continents including Australia and the United States.

In 50 years Woodside has grown from a pioneer oil and gas explorer to Australia’s largest independent producer of oil and gas. We operate Australia’s largest resources project, the North West Shelf Venture in Western Australia, which produces about 40 per cent of Australia’s oil and gas.

Our goal is to be a global leader in LNG production by 2015, when global demand for LNG is expected to exceed supply.

The North West Shelf Venture is the third biggest LNG producer in the world and our share of equity LNG production will rise to 6.6 million tonnes by the end of 2010, with first gas from our Pluto LNG Project.

In 2008, Woodside commissioned the fifth LNG processing train at its North West Shelf facility. It is also progressing its Browse and Sunrise LNG developments in northern Australia.

Woodside has established a major new oil province on the offshore Enfield and Vincent fields off the North West coast of Western Australia. Woodside’s oil assets also include the $440 million Mutineer-Exeter project (8.2 per cent interest), located 150 kilometres north of Dampier, Western Australia and the A$1.37 billion Laminaria-Corallina project located 550 kilometres north west of Darwin, in the Northern Territory.

In the United States, we have a portfolio of deepwater and shallow water exploration and production titles in the Gulf of Mexico, including the Neptune oil and gas project.

Our company has exploration interests across Africa, including being a partner in major producing gas and condensate fields in Algeria. We also have exploration interests in Brazil and Korea.

In 2008, we spent about A$300 million on global exploration activities including drilling new wells in Australia and Africa.

At Woodside, we value the contribution and commitment of our 3000 employees and contractor support base.

We are committed to sustainable development through our economic performance, social contribution and most importantly, continued focus on safety.