Woodside Spuds Falcone-1 Well

Woodside reports that the Falcone-1 exploration well in the Exmouth Sub-basin offshore Australia was spudded on January 9, 2005 and is drilling ahead in 20 inch hole at a depth of 1,930 meters.

Transocean's semisub, Jack Bates, is drilling the well. The well is approximately 60 kilometers west southwest of the Enfield oil field. Water depth at the location is 1,396 meters.

Joint venture participants in WA-271-P are Woodside Energy Ltd. as operator with 60% and Mitsui E&P Australia Pty Ltd with 40%.