Woodside Spuds Egret-3

Woodside Petroleum reports that the Egret-3 exploration and appraisal well located in the Carnarvon Basin, offshore Western Australia, was spud last week by Transocean Inc.'s semisub, Sedco 703. Egret-3 is located approximately 120 kilometers north of Dampier in approximately 119 meters of water Planned total depth is 4,822 meters.

Participants in WA-10-R are Woodside as operator with16.67%; BHP Billiton with 16.67%, BP with16.67%, ChevronTexaco with 16.67%, Japan Australia LNG (MIMI) Pty Ltd. With 16.67% and Shell Development (Australia) Pty Ltd.with 16.67%.

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