Our story

Woodside is recognised for our world-class capabilities as an integrated upstream supplier of energy.

ABOUT US

We led the development of the LNG industry in Australia and are applying this same pioneering spirit to solving future energy challenges

 

Our proven capabilities as a reliable, low-cost energy provider combined with a focus on technology to enable efficiency will drive our long-term success.

Through our North West Shelf and Pluto LNG projects we operated 5% of global LNG supply in 2021.

In Western Australia, we are building on more than 30 years of experience and progressing the development of the Scarborough gas resource through the world-class Pluto LNG facility. We are also connecting Pluto LNG with the landmark North West Shelf Project to create an integrated LNG production hub.

Offshore, we operate two floating production storage and offloading (FPSO) facilities, the Okha FPSO and Ngujima-Yin FPSO. Our operations are focused on safety, reliability, efficiency and environmental performance.

We also have a non-operating participating interest in the Wheatstone project, which started production in 2017.

In November 2021, we reached agreement with BHP Group (BHP) for the merger of BHP’s petroleum business with Woodside. The merger will deliver increased scale, diversity and resilience. Completion of the merger is targeted for the second quarter of 2022, following receipt of approvals.

Internationally, we are executing the Sangomar Field Development Phase 1 in Senegal having achieved final investment decision in January 2020. This development, remains on track targeting first oil in 2023.

We continue to expand our capabilities in marketing, trading and shipping and have enduring relationships that span 30 years with customers throughout the Asia-Pacific region and beyond.

 

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We are evolving our business to develop a low-cost, lower-carbon, profitable, resilient and diversified portfolio to help us thrive through the global energy transition.

Our climate strategy is to reduce our net equity Scope 1 and 2 greenhouse gas emissions, while investing in the products and services that our customers need as they reduce their emissions. We have set targets to reduce our net equity Scope 1 and 2 greenhouse gas emissions, including a 15% reduction by 2025 and 30% by 2030, towards our aspiration to achieve net zero by 2050 or sooner.1

Our hydrocarbon business is complemented by a growing portfolio of hydrogen, ammonia and solar opportunities in Australia and internationally. Our new energy opportunities include the proposed hydrogen and ammonia projects H2Perth and H2TAS in Australia and the proposed hydrogen project H2OK in North America.

Technology and innovation are essential to our long-term sustainability. We are growing our carbon and new energy businesses. We use technology to reduce emissions and the carbon footprint of our products. We are pioneering remote support and the application of artificial intelligence, embedding advanced analytics across our operations.

We take a disciplined and prudent approach to investment through our capital management framework, ensuring we manage financial risks and maintain a resilient financial position. This allows us to optimise the value delivered from our portfolio of opportunities.

Environmental, social and governance performance is integral to our success. Our approach to sustainability is outlined in our Sustainable Development Report.

We recognise that enduring, meaningful relationships with communities are fundamental to our social performance. Woodside is committed to managing our activities in a sustainable way that is fundamental to the wellbeing of our workforce, our communities and our environment. We help create stronger communities through programs that improve knowledge, build resilience and create shared opportunities.

Our success is driven by our people and our culture. We are committed to upholding our values of respect, ownership, sustainability, working together, integrity and courage, and we aim to attract, develop and retain a diverse, high performing workforce.

Our proven track record and distinctive capabilities are underpinned by more than 65 years of experience, making us a partner of choice.

1Target is for net equity Scope 1 and 2 greenhouse gas emissions, relative to a starting base of the gross annual average equity Scope 1 and 2 greenhouse gas emissions over 2016-2020 and may be adjusted (up or down) for potential equity changes in producing or sanctioned assets with an FID prior to 2021. Post-completion of the Woodside and BHP petroleum merger (which remains subject to conditions including regulatory approvals), the starting base will be adjusted for the then combined Woodside and BHP petroleum portfolio.

 

Timeline

A history of achievement

Our proven track record and distinctive capabilities are underpinned by 65 years of experience.

  • 1954 - Woodside registered

    Woodside (Lakes Entrance) Oil Co. NL is registered and adopts the name of the town of Woodside in Victoria, Australia which is close to its oil leases.

    Jul 1954
  • 1956 - Woodside secures first permit

    Woodside secured the first offshore exploration license to be granted in Victoria: a 2600sqkm stretch off Ninety Mile Beach that extended 2km into Bass Strait, off southern Australia.

    Jan 1956
  • 1957 - World-record water depth drill

    Woodside drills to world-record water depths in the Bass Strait off southern Australia.

    Jan 1957
  • 1963 - WA coast permit acquired

    Woodside pays £100 for a permit to explore 370,000km2 off the Western Australian coast, resulting in the formation of the original North West Shelf Venture between the Burmah Oil Company of Australia, Shell Development Australia and Woodside.

    Jan 1963
  • 1964 - first NWS aeromagnetic surveys

    The first aeromagnetic surveys are conducted over the North West Shelf.

    Jan 1964
  • 1968 - Legendre Discovery

    Woodside finds first oil at the Legendre field on the North West Shelf.

    Jan 1968
  • 1971 - Scott Reef, North Rankin, Angel Discoveries

    Woodside makes major gas and condensate discoveries at Scott Reef, north of Broome, and at North Rankin and Angel, north of Karratha on the North West Shelf.

    Jan 1971
  • 1972 - Goodwyn Discovered

    The Goodwyn gas and condensate field is discovered, west of North Rankin on the North West Shelf. The North West Shelf fields provided the basis of the A$19 billion North West Shelf Project, then Australia's largest resource project.

    Jan 1972
  • 1973 - Lambert Discovery

    Woodside discovers the Lambert oil fields on the North West Shelf.

    Jan 1973
  • 1974 - Sunrise and Troubadour Discoveries

    The Sunrise and Troubadour gas fields are discovered in the Timor Sea, north-west of Darwin.

    Jan 1974
  • 1977 - North West Shelf agreement

    Woodside Executive Director Ric Charlton and WA Premier Sir Charles Court announce agreement on key terms and conditions for the North West Shelf Project.

    Jan 1977
  • 1979 - North West Shelf environmental approval

    State and Commonwealth governments give environmental approval for the commencement of the North West Shelf Gas Project. The Brecknock gas and condensate field is discovered adjacent to Scott Reef.

    Jan 1979
  • 1980 - NWS Domgas and Construction

    The North West Shelf Project participants sign the contracts for the long-term supply of gas to Western Australian customers. Construction starts at the onshore plant on the Burrup Peninsula, North Rankin A platform and the 134 km subsea pipeline to shore.

    Jan 1980
  • 1984 - First North Rankin gas received

    First gas is received onshore via the subsea trunkline from the North Rankin platform. North Rankin A is the world's largest fixed leg platform.

    Jan 1984
  • 1985 - North West Shelf Signing Marathon

    The North West Shelf Joint Venturers sign the formal liquefied natural gas (LNG) sales agreement with eight Japanese gas and power companies. Construction starts on the first two LNG processing trains, storage tanks and loading facilities at the Karratha onshore gas plant.

    Jan 1985
  • 1988 - Woodside cements Perth presence

    Woodside cements its Perth presence by opening a new purpose-built office at 1 Adelaide Terrace.

    Jan 1988
  • 1989 - First NWS LNG cargo to Tokyo

    The first LNG cargo from the North West Shelf Project arrives in Tokyo, Japan on board The Northwest Sanderling.

    Jan 1989
  • 1990 - Cossack and Yodel Discoveries

    The Woodside-operated North West Shelf Project discovers the Cossack oil field and the Yodel gas and condensate field.

    Jan 1990
  • 1992 - The Western Legend

    The Western Legend, one of the world's most sophisticated sesimic vessels of the day, began what was the biggest 3D seismic program ever undertaken in Australia.

    Jan 1992
  • 1994 - Laminaria oil field discovery

    Woodside discovers the Laminaria oil field in the Timor Sea.

    Jan 1994
  • 1999 - first oil, discovery, 1000th cargo

    The Laminaria field produces its first oil through the Northern Endeavour FPSO vessel. Woodside discovers the Enfield oil field in Western Australia. The North West Shelf Project delivers its 1000th LNG cargo to Japan.

    Jan 1999
  • 2000 - LNG expansion Letters of Intent

    The long-running negotiations with the Japanese LNG Buyers for a major expansion of the (NWS) LNG project accelerated towards a successful conclusion in late 2000 when the first of several Letters of Intent were signed with existing customers.

    Jan 2000
  • 2001 - green technologies

    Woodside builds a venture capital vehicle to invest in early stage green technologies.

    Jan 2001
  • 2002 - 25-year LNG contract

    The Woodside-operated North West Shelf Project wins a 25-year contract to supply LNG to China.

    Jan 2002
  • 2004 - Woodside moves to Woodside Plaza

    Woodside moves into new headquarters at 240 St Georges Terrace, Perth.

    Jan 2004
  • 2005 - Pluto Discovery

    Woodside discovers the Pluto gas field in the north-west of Western Australia.

    Jan 2005
  • 2006 - Nganhurra begins production

    The Nganhurra FPSO (Enfield) begins production.

    Jan 2006
  • 2007 - Pluto Construction

    Construction commences on Pluto LNG.

    Jan 2007
  • 2008 - 5th NWS train production

    2008 Woodside starts production from the fifth LNG processing train at the Karratha onshore gas plant. Production starts from the fifth LNG processing train at the Karratha. The Ngujima-Yin FPSO (Vincent) begins production.

    Jan 2008
  • 2009 - Angel, Donaldson

    The Woodside-operated North West Shelf Project commissions the Angel gas platform. Pluto LNG commissions the Woodside Donaldson LNG vessel.

    Jan 2009
  • 2011 - Okha FPSO

    The Okha FPSO is commissioned for the North West Shelf Project, replacing the Cossack Pioneer.

    Jan 2011
  • 2012 - Pluto begins production

    Woodside’s Pluto LNG begins production and delivers its first cargo to Japan. The North West Shelf Project delivers its 3500th LNG cargo.

    Jan 2012
  • 2013 - redevelopment, vessels

    The North Rankin Redevelopment Project achieves start-up, with a second facility installed alongside the existing North Rankin A platform on the North West Shelf. Pluto LNG commissions the Woodside Rogers LNG vessel.

    Jan 2013
  • 2014 - Anniversaries

    Woodside celebrates its 60th anniversary. The North West Shelf Project marks 30 years of domestic gas production and 25 years of LNG exports.

    Jan 2014
  • 2018 - Mia Yellagonga

    Woodside moves to our state-of-the-art new headquarters, including a 31-storey office tower with campus-style facilities, close to the Swan River and Kings Park.

    Jan 2018
  • 2020 - Sangomar Field Development Approved

    Woodside took an unconditional final investment decision (FID) for Sangomar Field Development Phase 1 and execution phase activities commenced.

    Jan 2020
  • 2020 - NWS Project Participants Execute Gas Processing Agreements

    The NWS Project participants executed fully-termed gas processing agreements for processing third-party gas through the NWS Project facilities.

    Dec 2020
  • 2021 - Scarborough and Pluto Train 2 achieve FID

    Final investment decisions (FID) were approved for the Scarborough and Pluto Train 2 projects, including the construction of new domestic gas facilities.

    Nov 2021
  • 2021 - Secured land for hydrogen projects

    Secured land for the H2Perth and H2TAS hydrogen and ammonia projects in Australia.

    Nov 2021