Woodside Spuds Indian-1 Offshore Australia

Woodside reports that on July 12, 2004 the Indian-1 exploration well located in the Exmouth Sub-basin was preparing to spud.

Atwood Oceanics' semisub, Atwood Eagle, is drilling the well. The well location is approximately 10 kilometers west southwest of the Stybarrow field. Water depth at the location is approximately 990 meters. Planned total depth is approximately 2,340 meters.

Joint venture participants in WA-271-P are Woodside Energy Ltd. (60%) and Mitsui E&P Australia Pty Limited (40%). The well is being drilled by BHP Billiton Petroleum (Australia) Pty. Ltd. on behalf of the WA-271-P operator, Woodside.