Woodside has developed an international portfolio of quality oil and gas assets, including interests in the Gulf of Mexico, Korea and Brazil. Woodside’s international production revenue is largely generated from its interests in the Gulf of Mexico.
We began exploring in the Gulf of Mexico in 1999 and now participate in more than a dozen producing fields, including 20 per cent working interests in the Neptune and Power Play deepwater fields.
In 2010 our United States business contributed 2.2 MMboe to Woodside’s annual production.
Offshore south-eastern Brazil, Woodside holds interests in two concession agreements in the Santos basin. Woodside also holds interests in exploration blocks in the Canary Islands, Peru and the Republic of Korea. Woodside plans to drill its first well offshore the Republic of Korea in late 2011.
In 2010, Woodside divested its interests in Sierra Leone, Liberia and Libya.
Woodside’s Risk Sharing Contract for Ohanet (Algeria) production ceased in October 2011.