Woodside Spuds Polkadot-1 Offshore Australia

Woodside Energy Ltd. reports that the Polkadot-1 exploration well located in the Joseph Bonaparte Gulf in permit WA-313-P was spudded on August 29, 2004. Currently the well is drilling ahead at 1,427 meters.

Transocean's semisub, Sedco 703, is drilling the well. The location is approximately 300 kilometers south west of Darwin. Water depth at the location is 65 meters. Planned total depth is approximately 3,400 meters.

All reported depths (except water depth) are referenced to the rig rotary table.

Woodside's interest in WA-313-P is 50%. The other participant is Eni Australia B.V. (50%).

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