Woodside To Participate in Voss Prospect in Gulf of Mexico

Woodside has entered into a Well Participation Agreement with ConocoPhillips to participate in the drilling of the Voss Prospect exploratory well located in the Gulf of Mexico on Keathley Canyon Block 511. ConocoPhillips is operator of the exploratory well, which spud on September 14, 2002. The well is being drilled using the Deepwater Pathfinder in 6,120 feet of water.

Woodside Energy (USA) Inc. will earn 15% equity in the prospect pursuant to the terms of the Well Participation Agreement.