Woodside Hits with Enfield-5

Woodside Petroleum reports that its Enfield-5 appraisal well located in the Exmouth Sub-basin discovered a gas and oil bearing interval of 64.5 meters which intersected in the Macedon Sandstone. The semisubmersible, Sedco 703, drilled the well to a total depth of 2,150 meters. The well has been plugged and abandoned and the rig is preparing to move off location.

Woodside expects to select a concept for the first-phase development of the oil fields in WA-271-P by the end of 2002. In addition to Enfield, the permit contains the Laverda and Vincent oil fields. First oil targeted for 2006. Woodside holds a 100 percent interest in permit WA-271-P.