We are building a strategic footprint with optionality in underexplored emerging plays.
Margins and Latin America provide evidence of working Mesozoic petroleum
systems. Our focus in the region is on play diversity and multiple
trapping geometries in emerging and frontier basins, which have the potential
to deliver material exploration targets with line of sight to commerciality.
Woodside holds exploration permits in Senegal, Ireland, Morocco and Peru.
Woodside has been active in the
offshore region of Senegal since 2016 when we acquired Conoco Phillips Senegal
B.V. 35% equity in a production sharing contract (PSC) for the Rufisque,
Sangomar, Sangomar Deep joint venture (RSSD JV). The Government of Senegal
undertook a due diligence assessment of Woodside’s capabilities and competencies
as an operator, and subsequently reaffirmed Woodside’s participation in the
In 2017, the RSSD JV completed a
five-well exploration and appraisal campaign on schedule and under budget,
further improving our understanding of the SNE field. Woodside is currently
Development Lead for the SNE Field Development and plans to transition to
Operator of the RSSD JV in 2018.
Woodside is committed to working
with our joint venture participants and the Government of Senegal to achieve
the earliest commercialisation of resources in Senegal. We bring to the
joint venture extensive experience in responsibly developing and operating
floating production, storage and offloading (FPSO) facilities. Woodside’s
expertise in horizontal well and completion design, subsea gathering system
design, project execution and production excellence complements the joint
venture participants’ capabilities.
The joint venture is reviewing
potential 2018 drilling opportunities, including a prospect in the shallow
water Rufisque Offshore Block.
Further information on the SNE Field Development can be found here.
Total acreage: 7,137km2
|Rufisque Offshore, Sangomar Offshore, Sangomar Deep Offshore (RSSD)||35% ||40% (operator)||15%||10%|
Woodside holds three Frontier Exploration Licences (FELs 5/13, 3/14 and 5/14) and one Licensing Option (LO 16/14) in the Porcupine Basin.
Extensive 3D seismic surveys were conducted in 2016, including 1,600 km² of 3D data in LO 16/14 and 2,400 km² of 3D data in FELs 3/14 and 5/14.
Total acreage: 3,907km2
|FEL 5/13||90% (operator)||10%|| || |
|FEL 3/14||85% (operator)|| ||15%|| |
|FEL 5/14||60% (operator)|| || || 40%|
|FEL 16/14*||100% (operator)|||||||
LO 16/14 is valid for two years from 1 March 2016, after which Woodside may
apply for a one year extension or for it to be converted to a 15-year Frontier Exploration Licence (FEL).
Woodside currently holds six exploration permits offshore Morocco. We plan to drill one well, Rabat Deep-1, in Q1 2018 to test the JP1 prospect; a large, four-way dip closed structure in an area considered to have oil potential.
Total acreage: 6,739km2
|Rabat Deep I - VI||25%||40% (operator)||10% (operator)||25%|
Woodside holds one exploration permit in Peru’s Ene Basin, a Sub-Basin of the Ucayali Basin. The joint venture plans to drill one well, Boca Satipo East, in Block 108 in Q3 2018.
Total acreage: 8,692km2