Woodside Finds Gas at Toro-1 Exploration Well Offshore WA

Woodside Petroleum Ltd. reported Wednesday that the Toro-1 exploration well in permit WA-430-P offshore Western Australia has intersected approximately 492 feet (150 meters) gross gas and 213 feet (65 meters) net gas within the Mungaroo Formation target.

The well reached a total depth of 12,217 feet (3,724 meters), referenced from the rig rotary table. Following drilling, wireline logging has been conducted and confirmed the presence of a gas column through pressure measurements and gas sampling. The well will now be plugged and abandoned as planned.

Toro is located in Western Australia’s Exmouth Sub-Basin and is within 13.6 miles (22 kilometers) of Woodside’s existing Ragnar-1A discovery.

Woodside Executive Vice President Global Exploration Philip Loader said, “This successful exploration outcome builds Woodside’s gas volumes within the Exmouth Sub-Basin creating options for maximizing the value of our Australian assets.”

Woodside is the operator and 70 percent equity owner of WA-430-P. Mitsui E&P Australia has the remaining 30 percent equity.

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