Woodside’s international portfolio includes exploration permits and development interests around the world. We have established dedicated offices around the globe to support our activities.
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 Canada, Cameroon, Gabon, Tanzania, Morocco, Myanmar, Ireland and New Zealand.
The new opportunities add further diversity to Woodside’s international portfolio which includes interests in exploration permits in Spain (the Canary Islands), the Republic of Korea and Peru.
Woodside has acquired a 20% participating interest in four exploration licences located off the coast of Nova Scotia, Canada. Further details can be found here.
Woodside has acquired a 30% participating interest in a production sharing contract in the Tilapia Block in the Douala Basin. Further details can be found here.
Woodside has acquired a 40% participating interest in a production sharing contract in Block F15 in the Gabon Coastal Basin. Further details can be found here.
In Ireland, we have a significant position and an opportunity to leverage our deepwater capabilities in the underexplored Porcupine Basin. Woodside has an office in Dublin to support its exploration activities. Further details can be found in the 2014 Annual Report.
Woodside has acquired a 25% participating interest in the Rabat Deep Offshore permits I-VI. Further details can be found here.
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. Woodside has an office in Yangon to support its exploration activities. Further details can be found here.
Our permits in New Zealand are in the emerging Taranaki Basin and frontier Great South Basin, both underexplored and offering significant potential. Woodside has an office in Wellington to support its exploration activities. Further details can be found here.
Woodside has acquired a 70% participating interest in the Lake Tanganyika South Block and the respective Production Sharing Agreement. Further details can be found here.
International Developments and Business
In 2013 Woodside established a dedicated office in Singapore to support our growing LNG marketing, trading and shipping capabilities. We also have offices in Seoul, Tokyo and Beijing to support our marketing activities, partnerships and growth aspirations.
Grassy Point LNG
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.
Further details can be found in the Grassy Point LNG section here.
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.
Woodside remains committed to developing the Greater Sunrise fields once government alignment is achieved.
Further details can be found in the Sunrise LNG section here.