Woodside’s international portfolio includes interests in Myanmar, Ireland, New Zealand, Peru, the Republic of Korea, the Canary Islands, Canada and Timor-Leste.
Woodside is building an international exploration portfolio characterised by materiality and depth, with greater emphasis on emerging petroleum provinces.
Recent global basin studies have translated into the acquisition of new acreage in Myanmar, Ireland and New Zealand, and new farm-in agreements for permits in Tanzania, Gabon and Morocco. Woodside has opened new offices in these countries to support our exploration activities.
The new opportunities add further diversity to Woodside’s international portfolio which includes interests in exploration permits in the Canary Islands, the Republic of Korea and Peru.
Woodside is a leading acreage holder in offshore Myanmar, where our interest in the Rakhine Basin aligns with our core capabilities in deepwater exploration and project development.
In Ireland, we have a significant position and an opportunity to leverage our deepwater capabilities in the underexplored Porcupine Basin.
Our permits in New Zealand are in the emerging Taranaki Basin and frontier Great South Basin, both underexplored but offering significant potential.
In 2013 Woodside established a dedicated office in Singapore to support our growing LNG marketing, trading and shipping capabilities.
In January 2014 Woodside signed a Sole Proponent Agreement with the Government of British Columbia for the exclusive right to access land located at Grassy Point on Canada’s west coast.
Woodside is currently assessing the feasibility of a Liquefied Natural Gas (LNG) development at Grassy Point.
The opportunity is a strong match for Woodside’s extensive capabilities in designing, constructing and safely operating LNG export facilities.
Any decision to proceed with an LNG development at Grassy Point is subject to a variety of internal and external approvals.
In mid 2013 the Timor-Leste Government referred a dispute with the Australian Government, relating to the Treaty on Certain Maritime Arrangements in the Timor Sea, to international arbitration in accordance with the dispute resolution procedure in the Timor Sea Treaty. The first arbitration hearing occurred in December 2013 and an outcome is expected in late 2014.
Woodside remains committed to developing the Greater Sunrise fields.
Further details can be found in the Sunrise LNG section here