Woodside Spuds Whitetail-1 Well

Woodside Petroleum reports that the Whitetail-1 exploration well located in the Beagle Sub-basin offshore Australia was spudded on January 1, 2003. On January 7, 2003 the operation was preparing to drill ahead in 8-1/2 inch hole. The Atwood Falcon semisubmersible is drilling the well. The location is approximately 420 kilometers west of the town of Broome. Water depth at the location is 953 meters.

Woodside is the operator of WA-296-P and has a 14.33% stake. Other participants are BHP Billiton (North West Shelf) Pty. Ltd. (16.67%), BP Exploration (Alpha) Limited (19.00%), ChevronTexaco Australia Pty. Ltd. (16.67%), Japan Australia LNG (MIMI) Pty. Ltd. (16.67%) and Shell Development (Australia) Proprietary Limited (16.67%).