Woodside Awards Dual FEED Contracts for Pluto Expansion

Woodside has awarded dual contracts for Pluto Train 2 and Train 3 front-end engineering design (FEED) to Foster Wheeler and WorleyParsons (an unincorporated joint venture PJV) and KBR.

The total Woodside costs, including the dual contracts, for the FEED phase remain within the A$100-150 million guidance provided at the half-year briefing.

Woodside chose to award dual FEED contracts to provide the necessary due diligence for the engineering, procurement and construction management phase of Pluto Train 2 and Train 3 in the fastest time frame.

Foster Wheeler and WorleyParsons (an unincorporated joint venture PJV) and KBR are expected to complete the FEED studies in the second half of 2010.

The Pluto LNG Project incorporates gas production from two offshore fields: Pluto and Xena. Located offshore Western Australia, the gas fields are situated in the highly productive Carnarvon Basin.

Woodside Petroleum serves as the operator of the Pluto project with 90% interest. Kanasi Electric and Tokyo Gas each hold 5% interest in the project.