Our Business

Woodside is Australia’s largest independent oil and gas company, with a proud history of safe and reliable operations spanning decades.

As the largest operator of oil and gas in Australia, Woodside produces around 900,000 barrels of oil equivalent each day from a portfolio of facilities which we operate on behalf of some of the world’s major oil and gas companies.

We have been operating our landmark Australian project, the North West Shelf, for 29 years and it remains one of the world’s premier liquefied natural gas (LNG) facilities.

With the successful start-up of the Pluto LNG Plant in 2012, Woodside now operates six of the seven LNG processing trains in Australia. Together with the four Woodside operated offshore gas production platforms, these facilities help to meet the demand for cleaner energy from our pipeline gas customers in Australia and LNG customers in the Asia Pacific region.

We are seeking to further expand our LNG portfolio though premium developments such as Browse and Sunrise. Woodside also operates four oil floating production storage and offloading (FPSO) vessels in the Exmouth Basin, North West Shelf and Timor Sea.

Australian exploration continues to focus on high value infill opportunities, and new opportunities in both emerging and frontier acreage.

Our disciplined approach to global exploration is already identifying some exciting opportunities. Having secured two blocks in Myanmar (subject to the necessary approvals), seismic has been acquired over block A-6, marking the start of a comprehensive exploration program in this region. Our farm-in offers into the Porcupine Basin offshore Ireland were accepted in June 2013, with seismic surveys planned for 2014.*

Woodside’s international assets include deepwater production facilities in the Gulf of Mexico plus acreage in the USA, Myanmar, Brazil, Peru, Republic of Korea, the Republic of Ireland* and the Canary Islands.

In 2012, Woodside also entered into a conditional agreement to take equity in the Leviathan gas field offshore Israel, one of the largest recent discoveries world-wide.

We strive for excellence in our safety and environmental performance and continue to strengthen our relationships with customers, co-venturers, governments and communities to ensure we are a partner of choice.

Woodside aims to be a global leader in upstream oil and gas by optimising our producing assets, commercialising our growth projects and leveraging our world-class capabilities to capture new growth opportunities in Australia and beyond.

* Woodside’s farm-in offers in Ireland are subject to the execution of fully-termed agreements, completion of due diligence and other necessary approvals.

2010 Annual Report​​