Woodside Finds Gas at Midway Prospect

Woodside Energy (USA) Inc. reports that the Midway exploratory well located in the Gulf of Mexico in Brazos Area Block A 39 was drilled to a total measured depth of 20,496 feet (6,247m) and will be temporarily abandoned following the installation of a 7" production liner. Water depth at the location is approximately 149 feet (45m).

Midway encountered 30 feet of net gas pay. An additional 60 feet of gas bearing sands were encountered in three other intervals and require further evaluation. The well is expected to be tied back to the existing production platform on Brazos A-39 with first production anticipated during the second half of 2004.

Woodside Energy (USA) Inc. holds a 37.5% working interest in the Midway prospect. Pioneer Natural Resources USA, Inc. is the operator and also holds a 37.5% working interest. Noble Energy Inc. holds the remaining 25% working interest.